In today’s live trading session, we went over the status of our EURUSD and GBPUSD trades. We then found trades for Gold (XAUUSD), Silver, and GBPJPY.
During yesterday’s live session, we identified long setups for both EURUSD and GBPUSD. We waited patiently throughout the day to get entry, but the markets were in the mood to consolidate. As usual, these pairs satisfied our entry criteria later during the London session. The signals were sent out to our members and both trades moved a combined +110 pips to the upside. Since then, the pairs have retraced and there is a chance of our partial positions being stopped out at breakeven. Not to worry, as we will be eyeing potential reentries once that occurs.
For the rest of the session, we focused on several setups. We found potential long setups for both Gold and Silver. We are looking to enter once price can close bullish above this week’s high. We feel that both metals are itching to go higher after completing a retracement to create a new higher-low. We also expect GBPJPY to continue its momentum higher. We are waiting for today’s daily closure to warrant an entry.
The midweek market volatility has become a really close friend of ours. We can always count on it to provide us trade setups for weeks that start off slow, like this week. We should have a few more setups entered before tomorrow’s market close. As always, be safe and trade responsibly!
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