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.
Good evening everyone,
This video is just to go into more detail on the charts I sent out into the group earlier today. We have been taken out of USDCHF for 25pip SL, well done to those who avoided the stop hunt.
I'll still be looking for a short on the pairs as the USD is showing weakness across the board.
The pairs are not yet breaking the previous days...