EURGBP yesterday gave us a great trading opportunity which we trade it live in the London. It fell short of 16 pips and went to hook back before making again the same run to the downside. So, if you trade it the first move and then the second move you should have made more than the original 60 pips we were looking for. Today, for those still in this trade, we are looking to see if the pair can manage to go to our original targets. The MACD is showing us divergence which means the end of the sell is near and to expect the second corrective wave up.


 

Take My Trades, Forex signal service and education is provided for the purpose of learning about the Forex market. It does not aim to guarantee that you will be a successful trader overnight, this is a process that takes time and commitment, learning the fundamentals and technicality of the financial market. This service shows how a successful trader reviews the trends and signals of the market and takes trades based on fundamental trading rules. Take My Trades is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the currencies or other instruments featured on this website. You understand and acknowledge that there is a very high degree of risk involved in currencies and other leveraged financial instruments. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD: Further losses retarget the 200-day SMA

AUD/USD: Further losses retarget the 200-day SMA

Further gains in the greenback and a bearish performance of the commodity complex bolstered the continuation of the selling pressure in AUD/USD, which this time revisited three-day lows near 0.6560.

AUD/USD News

EUR/USD: Further weakness remains on the cards

EUR/USD: Further weakness remains on the cards

EUR/USD added to Tuesday’s pullback and retested the 1.0730 region on the back of the persistent recovery in the Greenback, always against the backdrop of the resurgence of the Fed-ECB monetary policy divergence.

EUR/USD News

Gold flirts with $2,320 as USD demand losses steam

Gold flirts with $2,320 as USD demand losses steam

Gold struggles to make a decisive move in either direction and moves sideways in a narrow channel above $2,300. The benchmark 10-year US Treasury bond yield clings to modest gains near 4.5% and limits XAU/USD's upside.

Gold News

Bitcoin price dips to $61K range, encourages buying spree among BTC fish, dolphins and sharks

Bitcoin price dips to $61K range, encourages buying spree among BTC fish, dolphins and sharks

Bitcoin (BTC) price is chopping downwards on the one-day time frame, while the outlook seen in the one-week period is a horizontal trade. In this shakeout moment, data shows that large holders are using the correction to buy up BTC.

Read more

Navigating the future of precious metals

Navigating the future of precious metals

In a recent episode of the Vancouver Resource Investment Conference podcast, hosted by Jesse Day, guests Stefan Gleason and JP Cortez shared their expert analysis on the dynamics of the gold and silver markets and discussed legislative efforts to promote these metals as sound money in the United States.

Read more

Majors

Cryptocurrencies

Signatures