In today’s live trading session, we went over the trades we took this week, and then we completed technical analysis to prepare for next week.
We had another great trading week as we were able to enter three solid trade setups that were all winners. Our first two trades were shorts for EURUSD and GBPUSD. Both these pairs had a potential gain of up to +125 pips. We are still holding a small position for EURUSD as we believe more downside is on the way. We then finished the week off with a long for USDCHF, which we decided to close out early this morning in profit.
As for trade setups to take next week, we are looking to enter the same trades as we are still bullish on the US Dollar. We expect further downside for EURUSD and GBPUSD. We also expect USDCHF to continue its uptrend. In addition, we are looking to get an entry short for Gold (XAUUSD). Do note that this is a swing trade for the precious metal, with a potential target of 2700 pips.
Since August, we have made around +454 pips with 85% accuracy using our simple, yet effective price action strategy. We look to carry-over this success into next week. We hope you all have a great weekend!
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- Read yesterday’s breakdown: EURUSD Profits + USDCHF Trade Setup
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