PRICE ACTION FOREX TRADING - EURJPY Trade Going As Planned, AUDJPY To Follow Lower?
PRICE ACTION FOREX TRADING - EURJPY Trade Going As Planned, AUDJPY Next?
Welcome to another live trading session. In today's trading session we went over our EURJPY trade that we analyzed and took live in yesterday's session. We then looked at hor our #EURUSD and #XAUUSD (Gold) trades are doing as well. We also spent part of the session analyzing AUDJPY and why we believe there is a possible short.
In yesterday's paid live session we did a price action analysis on EURJPY and came to the conclusion that it was a short. Our prediction was right and the pair has netted +57 pips.
We have made the trade risk-free by moving our stops to entry and taking some profits off the table. We will continue to hold this trade as we project EURJPY to go as low as 117.720.
On Monday's live session we had did a live analysis and entry for a short on #XAUUSD (Gold). The trade went as deep as +110 pips, before reverting back to our entry. In today's live session we took another look at the pair and do expect some near-term upside. Since last Thursday, we have been holding a short on EURUSD. We are slowly making our way down to our final target of 1.09600.
In correlation with our #EURJPY short, we have decided to potentially short #AUDJPY. The technical analysis for both pairs is fairly similar, with #AUDJPY price action lagging behind #EURJPY. We will wait for
RP Forex streams live during New York Trading Session with our members from Monday through Friday starting at 11:00 AM Eastern Standard Time, breaking down the charts. RP Forex in a seasoned trader and expert in Price Action. He teaches #TechnicalAnalysis and #FundamentalAnalysis, how to maintain good risk management to trade effectively in the forex market.
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