Just an update to the 2 trades done on last Friday
For the EURUSD, we have exit the trade at 28.5 pips profits before it reverses and for the GBPJPY, we have exit it at 2 pips profits before it reverses.
As can be seen from the picture below, there are 2 trades of EURUSD as i have split them into a 0.3 lot trade and 0.7 lot trade which adds up to 1 lot
In total, we made $285.10 from the trade which is ard 28.5 pips profits.
For the GBPJPY, it hits my breakeven stop loss once which is shown as the $0.00 and I enter another SELL trade on it again which I exit at $20.75 profits which is ard 2 pips profits before the price reverses.
This is the good thing about the trade copier as you have a real person looking over your account and react for you according to the market movement.
However from the movement, it shows that the market is going to change the trend soon and therefore I will like to use this post to share with you my analysis
For the EURUSD, the price is now being resisted by a resistance at 1.17843 and I will say that it will most likely move downward when the market opens. But the market will always produce a spike when it opens, if it spikes up, do not worry, it will eventually move back down again
I will look to enter a SELL trade on the EURUSD when it trigger my Trend Strategy this coming week
Once it trigger my strategy, I will write a post to show you guys
For the GBPJPY, it has moved up shortly after we exit the trade and it has hit the 100 EMA on the 15 minutes chart which is a strong level of resistance.
If you shift to your hourly chart, you can see that it has hit the 100 EMA resistance as well on the hourly chart.
I will look to go SHORT for this pair but it is slightly more complicated for this pair as the price is being held in a range on the Daily chart which also gives it a possibility of producing a strong up spike
I will inform you once I enter a trade on this pair
If you are interested in joining my trade copier, you can take a look at the link below for more info