Forex Trading Money Making | GBP/USD Forex pair | Trading signals #5

Welcome back, traders and true believers of Forex Trading.

Welcome to the McDuck trading family.

In our previous post, we traded United States Dollar / Japanese Yen Forex pair with Tools Trades signal, if you missed it, make sure to check it out!

Today our Forex pair of choice is going to be the Great British Pound / United States Dollar , I have been waiting for a long time to get a good opportunity to trade this pair, so let's jump right into this trade and see why.

First of all, I have an important announcement to make! Thanks to all of the continued support that you have shown in the past few months and especially the viewers that requested a promo code for Tools Trades, we were able to grab the attention of Tools Trades and in response, they were kind enough to give us a promo code for free signals.

Make sure to enter the promo code #SHIVINVEST when you sign up for a Tools Trades account in order to receive all benefits in the form of free trading signals.

Now let's jump into the trade and make some profit! Our broker is going to be Libertex, we are going to do some more trades with them so that we can check them out and see if they are a reliable platform.

Taking a look at our Technical analysis we can see that stars have aligned, as both Oscillators and Moving Averages are pointing us in the buying direction. Being able to jump into the trade at the right moment in the right position is imperative if you desire to make a huge profit.

Looking at the chart below we can see a huge dip in the market. Prior to this moment, a strong bearish trend has been present, and as we can see from our Technical analysis, a bullish trend is expected to emerge soon.

If we can get on the buying wagon early, we can expect to maximize our profit, if the bullish trend does indeed emerge.

As you can see in the chart, that was ultimately the right call. Although some resistance was present at a certain point, a bullish trend inevitably emerged.

Considering that we have entered at a perfect moment, we can expect a huge chunk of profit.

Now let's see what the Economic calendar has in store for us today.

While there are a handful of events today that could sway the market in the right direction, we are going to turn our attention to the ones that we expect to have the strongest impact.

Some of the events that are worth looking into are:

1. Public Sector Net Borrowing

2. Flash Manufacturing PMI

3. Existing Home Sales

Public Sector Net Borrowing - This is a monthly released report, that shows a difference in value between spending and income for public corporations, the central government, and local governments during the previous month. Depending on the outcome, this report will tell us about the budget deficit or a budget surplus.

Flash Manufacturing PMI - Again, a monthly released report, however, this one shows us a level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. As a leading an indicator of economic health, this report is most definitely going to have a big impact on the market. As such we are going to keep a sharp eye on this one.

Existing Home Sales - A monthly report from the National Association of Realtors that shows the annualized number of residential buildings that were sold during the previous month. This is a leading indicator of economic health in the United States because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;

When we have reached theoretical saturation, that pointed us in a buying direction, it was time to get a trading signal from the Tools Trades website.

Our research has been successful and that was confirmed by the trading signal, that pointed us as well in a buying direction while providing us with Take Profit and Stop Loss values.

The proper use of both Technical and Fundamental analysis combined with the trading signal from Tools Trades proved to be a successful combo that made us 1.279.31$!

I am highly motivated to try and best this trade in the near future, so I am going to keep my eyes out on the prize and look for another good trading opportunity.

That is everything for today, feel free to check out the video below on this topic, stay safe and I will see you soon with more tips and tricks, trading signals and guidelines for Forex trading!

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