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#EURUSD SHORTS STALLED? #GBPUSD RECOVERING? #GOLD BREAKS DOWN + MORE ANALYSIS
Forex Lens
Published: 5 years ago
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Forex Lens
#EURUSD SHORTS STALLED? #GBPUSD RECOVERING? #GOLD BREAKS DOWN + MORE ANALYSIS
Happy Monday Traders! Another day, another live session. As usual, our Monday sessions are about getting a bias and a overall outlook for pairs. We aren't necessarily looking to jump into trades unless the entry was there. So, #EURUSD sell-off has stalled some, but it has printed a rather ugly bearish flag. We may see a final leg to 1.10350 as previously anticipated. #GBPUSD is still capped in our support region and I see no real reversal unitl we close above 1.22000. Furthermore USDJPY is setting up for a wonderful intraday short, however the best possible entry is at 107.000 (psych/res level). #Gold has made a sharp push out of our second consolidation box in the wake of Trump's recent tweets criticizing the Fed for cutting rates. We also took a long at a possible EURAUD swing long opportunity and more!
Be sure to tune into our live session tomorrow at 11:00 AM EST. We will give updates as they come on where the session will be hosted (portal vs. youtube). Happy Trading!
RP Forex will be coming on live each Monday through Thursday starting at 11:00 AM EST to talk about the markets. RP Forex in an expert in Technical and Fundamental Analysis and have been trading in the financial markets for over 6 years. He has a passion for teaching beginner traders how to start trading and navigate the markets.
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