The purpose of this post is to share with you my analysis on the EURUSD, USDJPY and GBPUSD at the same time.
I have taken 8 trades on the EURUSD, USDJPY and GBPUSD in total after my previous post. We have some losses and wins but with our good risk reward ratio, we still manage to make profits on the 8 trades which extends our profits further.
Below is the live trade video I have done
Below is the screenshot of all the trades taken. The box trades are the newly done trade and those above are posted on my previous blog
For the GBPUSD, the trend has shifted to an uptrend and we have an ongoing trade on this pair now as I am writing this post.
If you are looking to go LONG, you have to be careful of the 1.30488 resistance level on the hourly chart. For my trade, I will be exiting the trade before it hits this level.
The EURUSD has changed from downtrend to uptrend and we have made a nice 50 pips profits from this movement today using my FHEMA strategy
If you are looking to enter LONG trade on the EURUSD, you have to take note of the 400 EMA strong resistance on the hourly chart and the 100 EMA resistance on the 4 hourly chart
For this pair, I will not be going LONG until my strategy signal to me a change of trend due to the strong resistance
For this pair, the trend has changed from up to down and we have made a 60 pips profits from the downmove yesterday using the FHEMA strategy.
The price has hit the 200 EMA on the 4 hourly chart and the 400 EMA on the hourly chart
If you are looking to go SHORT, you have to take note of these 2 levels
For the USDJPY, I will wait for my strategy to signal a change of trend before I enter a trade.
If you are interested in joining my trade copier service, you can take a look at the link below as the 30 to 60 days free trial promotion is coming to an end soon.