Welcome to another live trading session. If you missed it, you can re-watch it at the bottom of this article. You can also rewatch all of last week’s live trading sessions for free in our Forex Trading Room by logging in here. If you have not signed up for a free membership yet, click here to sign up.
In today’s live forex analysis, we went over the recent developments in Brexit, the status of our current active trades and the possible trade setups and opportunities for this trading week.
On Monday, the House of Commons speaker rejected Boris Johnson’s appeal for another Brexit vote. This has caused a major roadblock in Johnson’s plan to have the U.K leave the bloc on October 31st. Monday’s vote has left GBPUSD unfazed, as the pair is half way to our 1.31500 profit target.
Last week, we took a handful of trades that have either hit our final take profit target or are still active and in big profits. Some of these trades are EURNZD, EURAUD and AUDJPY just to name a few. We will let these trades play out while awaiting for price action to indicate entries on USDJPY and EURCHF. We will send out a Forex signal once we see an opportunity to enter. (Note: If you are only interested Forex signals alerts from us, and not the live trading sessions, you can choose our Forex Signal Service for as low as $49.75 per month.)
Due to current open trades from last week, we are already starting this week in profits. The economic calendar for this week is fairly clear except for Thursday, where we have a slew of European fundamental releases. Therefore, we should have ideal trading conditions and a great trading week ahead of us. I will see you all tomorrow for another live trading session.
Watch all of last week’s Live Trading Sessions Here: Forex Trading Room (Portal)
Check out Friday’s Live Session Recap: October 18th, 2019
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