To Get Ross' Free Forex Trade Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ad=XmUJPL4f-sw&ls=youtube Starting here on the Greater British Pound versus the US Dollar [GBPUSD]. There was actually a suggestion to go short or sell this currency pair from the blue-shaded area, right around the 1.4385-level yesterday. So, you could see right here, from the 1.4385-level, the market reversed from here for a short period of time, going down about 50 to 55 pips. So, for those of you that know the strategy that I employ, 50 to 55 pips, I began moving my stop loss into profit to protect the profit. At that point in time, I had moved my stop loss in five pips of profit and the market reversed and went back up. And you had the opportunity to see about 50 to 55 pips on the trade. Obviously you could’ve closed some profit with those 50 to 55 pips, but if you didn’t, the market went right back up, took us out of the remaining position, and now has moved a little bit higher. I don’t think now is the time to go short again here on the GBPUSD. In fact, with the bullish moment I think we see today and the potential carry through from the dovish Fed comments we saw on Wednesday, we could be looking for the breakout today above the 1.4430-level and the continuation higher. If we go back out here to the daily timeframe, we get above that blue-shaded area. I don’t think it’d be too difficult to see this all the way back up into the 1.4500s, the orange-shaded area at the top of this black box that you see here on the chart. So, anybody that took the sells on the 1.4385-level from yesterday’s suggestion, you should be out of that trade at this point, after seeing 50 to 55 pips of profit. Okay, let’s move on over to the US Dollar versus the Canadian Dollar [USDCAD] for today’s trade suggestion. First off, it’s important to note that we do have some news today out of Canada at 8:30. About 40 minutes from the recording of this video, we have some Canadian GDP data being released, so you’ll want to pay attention to that. If it comes out positive for the Canadian dollar, we could see this continue that bearish pressure and breakdown as we’re going to be looking for today. If it comes out negative for the Canadian dollar, we might see some rebound back higher here for this currency pair. So, watch that news coming up at 8:30 Eastern US time. https://www.youtube.com/watch?v=XmUJPL4f-sw
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