This morning in the traders’ coaching sessions, we were able to identify three potential market moves on futures and forex. These moves and direction were identified on the ES, GBPUSD and USDJPY. Also to note, the USDCAD and EURUSD have major announcements later in the week (USDCAD rate announcement on Wednesday followed by the rate announcement and press conference on the Euro Thursday morning).
The coaching sessions video shows the three market moves that were anticipated this morning and explains why the trade on the USDJPY would be passed.
On the GBPUSD, even though the Stochastics was overextended, Gail Mercer, founder of Traders Help Desk, explained that price was searching for a resistance area, which would probably be at the congestion dot on the 240-minute chart.
On the USDJPY, price had found an area that would support price to go up but it would more likely than not only be about a 20 pip move to the upside. Therefore, based on profit potential, it was better to bypass that trade.
Then on the emini ES, price was projected to go up approximately 13 points and so far it has performed as expected.
The All-inclusive package includes the indicators and coaching sessions. Plus, with the new software that we are using, clients have instant chat and meeting options for when they are struggling with a particular concept while analyzing their charts. However, there is limited availability for these sessions. To sign-up, you will need to contact Gail via email and you must have TradingView (Pro subscription or higher) to sign-up.