With the US election, the market is still pretty cautious and no specific direction has been established on the market and therefore traders have to be extremely careful when trading.
For us, we are having a BUY trade on the GBPUSD and GBPJPY at the moment. I have recorded a live trade video to show you the trade at the time of posting this post.
For the EURUSD, it is showing a strong up trend but you have to take note that the price is reaching a major resistance. We have a BUY trade on the EURUSD on Friday before the market close but I exit it today when the market opens as I see that it is hitting a major resistance.
From the weekly chart, you can see that the price pull all the way up after the down candle and engulf it which is a strong sign of upward momentum.
From the daily chart, you can see that the price hover sideway and once it hits the 100 EMA, it moves up with strong movement which is a good sign that the price is moving up
Even if this trade ends up hitting my stop loss, I will continue to go LONG for this pair as it will give us a very good profits.
For the GBPUSD, it has broke a major resistance on the 15 minutes chart it shows strong sign of up move on the higher time frame
Our target profits for this pair is 120 pips which is a decent profits if it moves up all the way.
If you want to copy my trade and learn the exact strategies I am using to trade for my user, you can take a look at my trade copier service via the link below