It is time for me to share with you my analysis on the EURUSD and GBPUSD for the coming week.
I hope that you guys have made a good profits for this week so far in trading as the market has more or less stabilized. At the time of market closed, we still have 2 profitable ongoing trades on the EURUSD and GBPUSD.
I will be monitoring the trades when the market opens on Monday and may shift the stop loss to breakeven for the GBPUSD trade.
The good thing about using my trade copier is that there is a real person who oversee your account all the time to make sure that the trade is well taken care of. This is something that most of you are unable to do as you have a day job on hand.
A lot of people are asking me whether they need to give me their trading account password to use my trade copier service. The answer is NO. I do not have access to your trading account and I am unable to log into your trading account to withdraw any money from it.
For the trade copier, you just need to install my trade copier software to connect our account and copy my trade. I am unable to log into your trading platform and you are very safe.
If you are interested in joining my trade copier service, there is a 11.11 special promotion which is ending on the 15th Nov.
In this promotion, you will be able to get my forex course at a special price plus 30 days free trial to my trade copier with capital protection during the trial.
As my trade copier service is in the form of profits sharing, the profit sharing is reduced to 30/70% instead of 40/60% for lifetime when you join my trade copier during the 11.11 promotion. This means that you just need to split 30% of the profits every month to me instead of 40% which is a great saving for you.
In addition, you will also be receiving my live trade video analysis for every trade I do in my trade copier so that you know why I enter the trade and why I place the stop loss and target profit there. This will help you in improving your trading skills. This live fx trade video analyais will be charged at $47 per month when it launch next month but if you join my trade copier service via the 11.11 promotion, you will be able to get this service for free lifetime.
Enough of my trade copier promotion, let us come back to the market analysis for the EURUSD and GBPUSD for this coming week
My Analysis on the EURUSD
if you take a look at the weekly chart, you will see that the price tried to move back down this week but was eventually being pushed back up again which shows the determination of the price to break above the resistance on the weekly chart
On the 15 minutes chart, you will see that the trend has shifted from down to up again on Friday which is why I enter a BUY trade on it. The entry was based on my trading strategy and not random entry. You need to have a reliable strategy to make an entry.
For this pair, our target profit is set at 100 pips which is the resistance on the weekly chart as level of strong resistance usually acts as a magnet to attract the price to test it.
My Analysis on the GBPUSD
If you take a look at the weekly chart of this pair, you will see that the price has broke above the 200 EMA and produce a candle above it. For this week, it actually tried to move back below the 200 EMA but failed and now stay above it.
On the 15 minutes chart, it has triggered my FHEMA strategy and therefore I have entered a BUY trade on it as well. For this pair, the target profit is set at 80 pips based on the strategy.
One thing you need to take note is that even though the price manage to produce a candle above the 200 EMA, there is still chance of it trying to push back down which is why I am going to shift my stop loss for the GBPUSD to breakeven when the market opens.
If it move down, it may triggered my trend strategy as well. Therefore it is always good to have several strategies on hand when trading.
I hope that this analysis is useful for you guys.
If you are interested to join my trade copier service during this 11.11 promotion, you can click on the link below for more information
Nice work!
Your course is simply amazing as your teaching has made complicated things easy to understand.
With your trade copier, I am able to understand your teaching even better.
Thanks for offering this course
Wow. I am glad to have join your trade copier this week as I really like to see the way you trade on my account.
Thks for the profits made so far on my account and keep up the good work!