last night we executed a few trades prior to the New York market close and before we went to sleep, this morning many of those trades were in profit and one trade reached its Stop Loss while the other reached its Take profit.
- FTSE SELL / STOP LOSS
- XAGUSD SELL / TAKE PROFIT
While the other trades, such as AUDUSD and GBPUSE were in a decent profit.
Here's a quick recap of how we shorted XAUUSD this morning at the London open and banked over 10k profit.
We traded a reversal in price coming to the 30% of the fib retracement, from the recent high to the recent low, RSI was up at the 70 level and it was all connected with a trendline.
This is a classic example of the trade setups we take.
A trade recap on me EURCAD position last week! took just under 4% out the market on that!
also forecasting whats next to come on;
CADJPY (liking CADJPY)!
check it out - once again let me know if theres anything I could improve on or change in my analysis!
Student under Faclon trading guidance.
We have closed our GPB/USD trade from yesterday in profit. The reason for the close is that price action has twice rejected the 1.27000 level and we now await a break of this level to resume our buy bias.
On another failed break we will consider selling at this level as buyers maybe exhausted and the market will need to drop before buyers re-enter....