Happy Monday traders. Hope you all had a fantastic weekend. Today is Remembrance Day in Canada, and Veterans Day in the United States, so we take a moment to remember all the brave men and women who have fallen for our country, and all those who continue to serve. Lest We Forget.

In today’s live trading session, we did a price action analysis of the majors EURUSD, GBPUSD, XAUUSD and USDJPY. We had a great week last week with +360 total pips, with only one losing trade.

Last Thursday, we took another short position for EURUSD, which went as low as 50 pips into profit. At the time of writing this article, we are sitting at 30 pips profit after the currency pair had a slight retrace. We can expect further downside to continue as we continue to hold this trade. Our XAUUSD Gold analysis continues be a bearish bias. Last week we took two separate shorts on Gold, and this week we look to short the precious metal to our final target of 1430. Make sure to stay tune for more updates in our Telegram channel,

Over the weekend, we saw the GBPUSD pair gap up and made a slight rally. We originally planned to short the pair if it broke 1.28000. That plan now will  be to wait until GBPUSD comes back closer to that level. However, we found an intraday trade setup for USDJPY. We are just awaiting for confirmation and our entry criteria to be met, to sell the pair down to the 108.200 area.

We have a decent amount of fundamental releases this week so we will be extra cautious about where and when to take trades. We will see you all tomorrow morning at 11:00 AM EST for another live trading session. Hope you guys have a great Monday and happy trading.

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Check Out Friday’s Live Session Recap: Novemeber  8th, 2019
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