It’s the end of another week but a shorter week at that with Bank Holiday here in the UK (and the US) on the Monday. We hope you enjoyed the glorious weather 🌞
Did you catch any of the trades that we talked about in our ‘Market Updates’ this week? You can catch them throughout the week on You Tube by clicking here. Make sure you are subscribed to our You Tube channel so you get notifications of any future videos as they are uploaded.
Check out our update on 2nd June 2020 by clicking here. We broke down the USD/CAD pair in full and showed you why we were looking for buy setups. If that wasn’t enough we specifically pointed out an area where we wanted to buy from. This was the trade setup we suggested.
We were looking for price to drop into the 1.2032 zone and reject with targets towards the top of the range as shown. There were different ways you could do this. Placing a buy limit in the zone or setting an alert and waiting for price to enter the zone and reject. Below is the actual chart and trade idea that we sent out to all of our members. A buy limit in the zone with stops under the low.
The result? The trade triggered the next day and hit target on Friday 4th June 2021 a few hours before Non Farm Payrolls from the US and CAD employment data were due to be released. Perfect!
So a totally free trade idea you could have followed and made yourself a nice 3% in the process. As well as You Tube make sure you are subscribed to our Instagram pages and Facebook page too so you don’t miss the action.
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Have a great weekend all.
T & T