Welcome to another live session! In today’s session we started off by covering our Gold and GBPUSD trades that were called live in the previous day’s session. Both setups led to a combined profit of +170 pips. We then shifted our attention to taking advantage of the weaker Pound.
During yesterday’s session we had discussed a possible Gold long to 1550 if we got an hourly close above 1526. We did get that closure and the precious metal spiked almost 100 pips to the upside. We then discussed a possible head and shoulders in the making for GBPUSD, and a short from the right shoulder down to the neckline. This intraday short brought us an additional 70 pips.
In terms of trades for the rest of the week, we look to GBPAUD and GBPUSD sells to bring in a subsequent amount of profits to end of the week on a good note. Bank of England Governor Carney will speak tomorrow, hopefully his speech will lead to further Pound weakness.
As always, we will let our trades play out and keep risk exposure as minimal as possible. We are in quite a few trades, so we will let our current trades play out before entering anymore. I will see you again tomorrow at 11:00 AM EST to kick-off another live session.
Watch the Session Here: https://www.portal.forexlens.com/
