I hope that you have made a good profits from my forex signal so far as the 2 pairs that I have been talking about has make a good down move which can gives you about 200 pips profits.
As the EURUSD and GBPUSD has hit the major support that I have been talking about so far. It is now harder to trade as compared to the last week. This is because it is hard for us to know whether the price will break the support and continue to move down or start to get repelled by it and move sideway.
For those of you who are in my trade copier, you will see 3 winning trades and 2 losing trades for 1st July which is a good start for our trade copier. For some of you, it does not sound like a good winning percentage but because of the good risk reward ratio of my strategies, we are making good profits. The key to profitable trading actually lies in the risk reward ratio and not just the winning percentage.
Below is the screenshot of all the trades done on 1st July
My EURUSD Analysis
The EURUSD has broken the major support that I have told you guys in my earlier post but the problem is it seem to be hovering around that level and not continue to move down. I have exit the trade for the EURUSD with some profits and will wait for the price to push lower before I enter a SELL trade again. From my experience, when the price hover around a level, it might move back up and that is why I exit the trade first and monitor.
However for this pair, I will recommend to SELL if there is a good opportunity.
My GBPUSD Analysis
For this pair, the price has also break below the support I have told you guys earlier. I have exit the trade with 45 pips profits for my trade copier user and will wait to see if the price will continue to move down.
For this pair, I will recommend that you look for opportunity to SELL
My GBPJPY Analysis
For this pair, it seems that the price is going to form a head and shoulder pattern which is a reversal pattern. In addition, it seems that the GBPJPY is now in the 5th wave of the Elliot wave formation taught in my course.
So I will suggest that you look for opportunity to SELL this pair.
At the moment, we have a SELL trade on this pair and I will be monitoring the movement.
If you are interested to join my forex trade copier service and forex signal service, you can take a look at the link below