Welcome to another live trading session. In today’s session, we went over our EURJPY and AUDUSD which brought in +60 pips and counting. We also then discussed EURUSD and NZDUSD which we are waiting to enter.
In yesterday’s session, we had done technical analysis on EURJPY and AUDUSD. We were able to determine a short bias for both trades. Both trades were not ready to enter until later in the New York session. Both trades have hit their respective take profits, giving us a total of +60 pips. We are currently waiting for another entry to continue the move downward.
As we have the European Central Bank announcing it’s monetary policy tomorrow, much of the European markets are consolidating. Therefore, we were not able to get our second entry for shorts on EURUSD and NZDUSD. However, we expect us to get an entry by tomorrow afternoon.
The next two days will contain an abundance of fundamental releases, so you should expect increased volatility during the news release and consolidation before. Although this week has been fairly slow, we are off to a great start with a handful of winning trades. With that being said, I will see you all tomorrow for another live session. As always be safe, and trade responsibly.
Check Out Yesterday’s Blog Post: January 21th, 2020
