Good morning all, it's Friday and the last NFP of the year for December. So today is a double update for both of our running trades, as they will both be affected by the outcome of today's news release.
1) Chart on left is GBPUSD. Currently 1463 pips in profit over 1:5 R:R.
2) Chart on right is Gold. Currently 1700 pips in profit over 1:6 R:R.
Both pairs have made new high's with yesterdays daily candle, and both have hit a small supply zone. Which leads me to believe today could be a big day for our trades. Either we will get a nice continuation or a pullback in price. So make sure if you haven't already to lock in profits as I always say. I will update again next week, have a good weekend all. GLIYF
1) Chart on left is GBPUSD. Currently 1463 pips in profit over 1:5 R:R.
2) Chart on right is Gold. Currently 1700 pips in profit over 1:6 R:R.
Both pairs have made new high's with yesterdays daily candle, and both have hit a small supply zone. Which leads me to believe today could be a big day for our trades. Either we will get a nice continuation or a pullback in price. So make sure if you haven't already to lock in profits as I always say. I will update again next week, have a good weekend all. GLIYF