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LAST ONE FOR THE WEEK!We've had a massive week on the markets and have walked away with a big profit. This EUR/USD pair will be my last trade entered before the market close here in the UK for 10pm. I normally don't tend to trade this late in the evening as i don't like leaving trades run throughout the night let alone a few hours before the markets close. But we saw this setup and could not resist to try and sneak a few more pips overall for the week. So EUR/USD has currently been in a downtrend for the last week or so and has had a spike up to our resistance level. Wed like to think this pair will have enough bearish momentum to start falling into a nice profit for us before the markets close. We entered this trade at 1.20367 and have nit yet set a TP. Were going to watch it closely and pull profits when were happy to do so. We will keep all clients up to date with all progress made. If i don't post anymore before next week, have a well need rest and we'll be back on the charts Monday.
by Forexinsightsuk
2
GO LONG!we have entered a Long position on AUD/JPY. we currently entered this trade at 80.34. This trade is still inactive therefore you can still enter from 80.312 or under. if price pushes past our entry zone then unfortunately you've missed the trade. we are hoping to see some bullish momentum here on this pair which may not happen until later today (Uk Time currently 09:15). Please watch over this as we will be updating you throughout the day and with any bearish momentum we will advise whether to hold or close positions. Lets hope we see a winning trade to end a BIG week of profits!
Long
by Forexinsightsuk
2
LETS TRY AGAIN!So a very similar trade to our last one which was posted earlier which we cut our losses from: (What goes up must come down) So what we can see here, the British pound has spiked throughout all currency pairs today which is the 04/02/21. The main cause to this i believe is 'BOE Rapid U.K Rebound Following Johnson's vaccine push' headline news. But as we can see here the price hasn't yet pushed up as far as our resistance zone. Now if price carries on to be bullish and continues to push upwards with momentum and break through our resistance zone then we will more than likely hit Stop loss. (Worse case scenario) But from analysing the chart i believe that we could potentially see bearish momentum and see price drop as far as 1.85000. im entering this trade now at the following: ENTRY 1.90317 SL: 1.90700 TP: 1.85000
Short
by Forexinsightsuk
1