I hope that you guys have made some profits from my previous post
In this post, I am going to share with you the 2 trades that I have taken for users of my trade copier service.
Trade #1: GBPUSD SELL Trade
On the daily chart, you can see that the GBPUSD is being resisted by the 200 EMA which is a strong level of resistance
However the hourly is showing that the price is moving in a strong uptrend which is in contrast to the daily chart. This will cause the price to move up and down until it manages to decide on a direction.
Below is the 15 minutes chart
Therefore for this trade, I will take profit at 50 pips.
At the time of writing, the price has moved by 20 pips and I have shifted the stop loss to breakeven.
Trade #2: GBPJYP SELL Trade
On the daily chart, the price is being resisted by the 100 EMA and the price is moving in a strong downtrend
On the 4 hourly chart, the price is being supported by the 200 EMA which makes it harder for us to SELL
But at the time of writing, the price is 30 pips in our favor and I have shifted the stop loss to breakeven.
I will be exiting the trade at 40 pips profits as there is a strong support near that level. I will look to enter another SELL trade on the GBPJPY if it manages to break below it
For those of you who are interested in my course and trade copier, you can take a look at the link below