Forex Analysis Today (02 Dec 2021) - Fed Chair Testifies, Omicron, DXY, JPY & Gold with LCMS Traders
Forex Analysis Today (02 Dec 2021) - Fed Chair Testifies, Omicron, DXY, JPY & Gold with LCMS Traders
Time stamps for today's episode:
03:00 - Fed Chair Testifies, Omicron with Gim Hong
22:00 - DXY with Scotty
27:35 - JPY & Gold with Jin
Currency call trade idea's 02 12 2021: all these trades will need to be monitored closely given the unclear markets currently.
USDJPY sell trade idea:
Entry: 112.90
SL: 15 pips
TP: 30 pips
EURJPY sell trade idea
Entry: 127.90
SL: 15 pips
TP: 30 to 40 pips
GBPJPY stay out for now team is the verdict given how it's in the middle of two zones.
Gold buy trade idea: needing more Covid uncertainty as the catalyst with the DXY moving lower under the 96.00 level.
Entry: 1780
SL: 20 pips
TP: 60 pips
Any information shared during this session is not intended to be a trade recommendation, it is solely the opinion and views of the speakers. So, please remember to do your own analysis prior to entering any trades.
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