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Today’s free set up is below. It’s XAUUSD. Has been ranging for three days between the zones.
So price broke the bottom zone late yesterday. I didn’t get in because I don’t like to hold overnight.
Yesterday’s premium signal GBPAUD won again.
Today’s set up is GBPNZD.
Today’s free set up is GBPAUD
To mark the UK leaving the EU today sparking 12 months of volatility in the GBP markets. We will be teaching our basic strategy FREE on this channel if enough people join. So if you’re interested share the link to join.
https://t.me/joinchat/AAAAAFNXpMxW6HXY7FeBsA
GBPNZD Set up.
For those of you who are already conversant with our strategy. This is the set up that we like most today.
Happy to buy or sell this pair whichever way it breaks out there is enough room for us to get our 50 pips.
Broke down on the hour (which makes more sense) Waiting for retest on smaller time frame. Make sure you get proper rejection and wait for candle to close. If we get the retest it could go for 100 pips but no retest no trade and we will be just taking our 50 pips as usual. Don’t forget take some profit after 20 pips and SL to break even at that point.
So yesterdays set up didn't materialise into a trade: No retest, no trade. Today we like GBPCAD the best out of the pairs we trade.
We prefer a buy on this pair but would sell if correlation etc. is right. The reason we like the buy is that if you look at the 4 hour chart it look very much like a break and retest to us.
So we are looking for a break and hold on 1 hour chart and retest possibly on a smaller time frame. If youre new to this strategy training will start next week if we have enough interest so get sharing the link. https://t.me/joinchat/AAAAAFNXpMxW6HXY7FeBsA
So we have a break and hold to the upside on the hour. No retest on 15 min, no retest on 30 min so waiting for 1 hour candle retest and rejection.
So obviously no trade yesterday as the 1 hour candle was a doji (sign of reversal). Today we’re looking for a break to the downside on GBPAUD if price breaks to the upside I won’t be taking the trade unless there is significant correlation and even then I wouldn’t trade if this pair was the leading pair.
Our set up from yesterday is still valid. Price ranged within our zone. The way price has been rejected at these zones reinforces the notion that they are important.
So our GBPAUD set up on Thursday/Friday turned into a trade and went a long way past our Take Profit of 50 pips. A very easy trade to take, there were a few entry points, correlation was well with us and as an extra confirmation GBPNZD led the way for us. Doesn’t get much better than that. Our only reservation would have been it was NFP Day, however, this all happened as London opened and it really was an AA trade. We don’t trade Monday til NY opens (or an hour or so before)
Keep an eye on USDJPY though. It’s been consolidating for a few days in a 40 pip range. We will start teaching this startegy once we have 50 subscribers so please share the link to join this group. https://t.me/joinchat/AAAAAFNXpMxW6HXY7FeBsA