In today’s live trading session, we went over the profits made by our EURUSD trade. We then identified a possible entry for our USDCHF trade.
During yesterday’s session, we finally received price action confirmation to enter short for EURUSD. Since then, the trade has fallen over +65 pips. We are expecting further downside as the US Dollar Index is set to reach 95.00. At the moment, the trade has retraced a fair amount, but we are confident that this will be followed by a next leg down.
During the session, we recognized that USDCHF had pushed past recent resistance and had shown signs of a rally. We speculated about a potential long in yesterday’s live session, and the trade may be ready to enter today. This trade would pair well with the stronger US Dollar and a weaker Euro.
We are looking to get in one or two more trades before the week comes to a close. The markets have provided some great setups this week, but volume was fairly inconsistent so many of the moves have stalled. Not to worry, our main goal at the end of the day is profitability and we are doing just that. As always, be safe and trade responsibly!
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