In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we are taking a strong look at continued GBP and EUR weakness but with a difference.
To start with, we are looking at the EURUSD with our technical cap on. Simply, a break below the recent lows of 1.1300 would give us a strong high probability opportunity to take this market lower.
However, when we look at the GBPUSD, we are looking at it fundamentally. Of course, as long as the Brexit negotiations are heading towards a no deal and sentiment is looking bearish, we expect prices will continue to push lower. However, this sentiment may change quickly and become positive on the back of a potential Brexit deal getting passed. From a traders perspective, we will just adapt our approach to risk if we decide to enter a pound trade.
Continued GBP and EUR Weakness but with a Difference – Full Video Analysis
Take your trading to the next level with our 14 Day, No Obligation, Free Trial. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to be part of it.
You can join for as little as $19.99 per month, no contract, cancel anytime. Just one profitable trade with us per month covers this amount, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!
