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It has been another profitable week for us, with short trades in the EURUSD and GBPUSD forex pairs which have both taken profits at their T1 & T2 targets, and have break-even exits set on their third trades. And the long trade in the Nasdaq has kept climbing into more profit, with our trade three now set to make almost double the profit we took from trade two.
Looking ahead at the trading opportunities this week:
The S&P 500 offers a short D-category trade next, but as discussed in the video I will be careful about entering too tightly if the current up move gets squeezed into a wedge.
The NASDAQ also has a D-category short trade next.
The EURUSD has an E-category long opportunity next.
The GBPUSD is most probably in a short F-category trade now, which means that I won’t be entering into a long trade for the G-category interaction, but as discussed in the video I will be watching the interaction closely for signs that it is an A-category interaction with price bouncing out of an early 80-day cycle trough.
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