In today’s live trading webinar, we went over the current status of our GBPUSD & GBPJPY trades that were taken yesterday. We also discussed ‘What To Look For In a Trade?’. Moving forward, we will end each live session with a brief discussion on certain trading topics.
During yesterday’s live session, we did a live analysis using price action for GBPUSD, which led us to our bearish bias on the currency pair. Since taking this trade yesterday, we are currently up +30 pips in profit. In addition to selling GBPUSD, we also recognized a short trade setup on GBPJPY. This trade was sent on RP Forex’s Telegram channel to all our members.
It’s only Tuesday and we’re still early in the trading week. As we mentioned yesterday, it may be a slower week due to the lack of fundamental news to drive the market. Not to worry, as our price action strategy is effective in all market conditions. We are currently in two trades, and have a pending setup on Gold. We will once again focus on only taking quality setups. I will see all the members tomorrow for another live session. Be great, traders!
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Check Out Yesterday’s Live Session Recap: Novemeber 18th, 2019
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