In today’s live trading session, we went over the status of our EURUSD swing trade, and then we discussed our pending AUDUSD trade idea.
During yesterday’s live session, we describe why we believe EURUSD will rally to new highs for the year. We based this conclusion after the price cleared the high made back in 2017. In addition, the US Dollar Index (DXY) is continuing its path down to 88.74. EURUSD has hit our first target and went as far as +59 pips of profit.
For about ten days now, we have been eyeing longs for AUDUSD. We were waiting for price to close bullish above 0.74200. We have now witnessed this closure on the four-hour time frame. We will be looking to enter in the next few hours, as we are looking for a pullback to enter.
We also have several other pending setups such as a long for NZDJPY and a short for Gold. Tomorrow is the NFP employment release so we will be sure to move stops into breakeven or profit to make our trades risk-free. As always, be safe and trade responsibly!
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- Read yesterday’s breakdown: EURUSD Swing Long Almost Ready + DXY Almost at 91
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