Welcome to another live trading session. In today’s session, we did technical analysis for several pairs and found a few trades that were ready to enter. This trading week is only four days long as Canada and the US had a bank holiday yesterday.
Using our price action trading strategy, we were able to find setups for NZDCAD, NZDUSD, EURUSD, and GBPCAD. The first three setups were all setups that we entered in the previous weeks and had made a significant profit from. In today’s webinar, we found an entry for NZDCAD. If all goes well, we can expect entries for NZDUSD and EURUSD shortly.
We then spent the next portion of the session finding a long term setup for GBPCAD. After doing top-down analysis, we found a short setup for GBPCAD. Although the United Kingdom received solid job growth this past month, the Canadian Dollar is expected to increase in strength in light of better CPI data.
Due to yesterday’s bank holiday, the trading week is nearly halfway over. Not to worry, as our analysts are working diligently to find profitable and accurate setups for you to enter. We should expect the markets to pick up in movement later today during the Japanese session. As always, be safe and trade responsibly.
Check Out Friday’s Blog Post: February 14th, 2020
