Forex Pro - Forex Update: Watching for Selling Opportunities on EURUSD after News

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Category movies: Forex trading

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To Get Ross' Free Forex Update Analysis - Click Here: First off, starting on the US Dollar versus the Japanese Yen . Forex market update news. This was a very profitable trade for us here on the USDJPY. We bought it over here, where the purple-shaded area is, where the market dipped down into the purple zone, found support, and started rising again, so we saw a really good amount of profit on this trade as it pushed higher up towards the 90 to 95 pips of profit. Locking in with a stop loss of course is always a good idea, but it came down, pushed right back down, took us out of the trade and now has gone right back up into the 1.1000-level.So, out of that trade with profit. We closed profit as it hit here at the yellow zone and locked in with the stop loss, so profitable trade nonetheless, but taken out of that trade on that dip lower.Then, over here on the New Zealand Dollar versus the US Dollar , we’ve been nursing this trade for several days now. It was into the pink-shaded area. We sold it here just at the bottom of the pink zone. 0.6735. It came up close to our stop loss multiple times. Finally it turned back lower and came all the way down to 0.6695 or so, 0.6700. Gave us an opportunity to see a pretty decent amount of profit for the trade. We saw it pushing all the way back down here, seeing about 40 to 45 pips of profit, locking in with the stop loss of course with the trade manager.Market has now come right back up and taken us out of that trade with profit, but out of the trade. Locked in with five pips. Now looking for a new opportunity. I still think that this becomes an opportunity as long as it stays within and under that pink-shaded area for an opportunity to go short here on the NZDUSD.All right, next, let’s move on over to the EURUSD. We’ve been trading this one as well over the past few days. You see the longer-term trade that we’ve been holding from the 1.1225-level, sitting down there still in profit. About 50 pips of profit still sitting on that trade. 1.1225 is the entry. Our stop loss is locked in at 1.1200. We can’t lose on the trade. That’s all there is to it. We’ve already closed some of the profit as well on that trade.I’ve actually gotten in on a second entry. I’ve actually added back on to the trade at about 1.1165, looking for it to turn back down again. Currently sitting 1.1175, so we’re a few pips negative at the current moment. We need to make sure that we understand that there is news coming up in about 40 minutes from the recording of this video. 8:30AM Eastern US time. We have core durable goods and unemployment claims out of the US. We’ll be watching that news. Disclaimer:This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.. Forex Pro - Forex Update: Watching for Selling Opportunities on EURUSD after News

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