The 3 pairs have been moving sideway for sometime now and I have identified some trading opportunities for you so that you can make some profits from them when the market opens.
Actually we have SELL trades on the GBPUSD and GBPJPY at the moment. For those of you who are in my forex video signal, I have uploaded a video to share with you why I enter the trade as it is a techniques that is taught in one of the module in my forex course.
Let us now go to my analysis
My EURUSD Analysis
If you take a look at the picture below, you can see that the price is currently moving within a trend channel.
I will suggest that you wait for the price to break the trend channel and then enter a trade based on the direction of the breakout. Please note that there is a higher chance of winning when it breaks downwards as the previous trend before the sideway movement is DOWN.
My GBPUSD Analysis
The price has broke a major support and it has moved back to retest that level. If the level hold when the market opens, you can enter a SELL trade for this pair.
At the moment, we have a winning trade of 25 pips and I have shifted the stop loss to breakeven. I have entered the SELL trade earlier based on the technique that I teach in my forex course.
For those of you who are in my trade copier service, you will see this trade on your account.
For those of you who are interested in joining my forex trade copier for 30 to 60 days trial, you can take a look at the promotion below. Do note that this promotion will end in a few days times