It has been pretty hard to trade the EURUSD, GBPUSD and GBPJPY for the past days as they are hovering up and down moving sideway. If you have read my previous analysis, you will know that I told you guys to look for ways to BUY the EURUSD and GBPUSD this week.
However the EURUSD, GBPUSD and GBPJPY moves downwards today and triggered my trading strategies and therefore I have entered a SELL trade on these 3 pairs today making about 150 pips profits from the movement.
Below are the trades that we have done today
Because of the sudden movement of the market, I do not have time to advice you guys about it and this is why it is better to use my trade copier service as I will be able to enter the trade instantly for you.
So let me do an update for you guys about the EURUSD and GBPUSD pair for these 2 days
The EURUSD has basically changed its trend to down but you have to be careful about the price as it is moving near the 400 EMA on the 4 Hourly chart.
For me, I will wait for the price to retrace and then look for an opportunity to SELL the EURUSD again
The GBPUSD has made a nice down move today but it has hit the 400 EMA on the 4 hourly chart and is being repelled by it. It is also being resisted by the 100 EMA on the 4 hourly chart now as I am writing this post.
Similar to the EURUSD, I will look to SELL this pair for these 2 days unless there is any major changes
I hope that this analysis will be helpful for you guys.
If you are interested to join my trade copier service using the 30 days free trial, you can take a look at the link below