Price Action Analysis – AUDUSD, AUDJPY & CADJPY

The first setup we talked about was CADJPY which we entered live with our members. This currency pair reacted dramatically to the Bank of Canada’s Rate Statement. In the live session, we explained the full technical and fundamental analysis as to why we decided to take this position. The other two potential trade setups are AUDUSD and AUDJPY which again, we are awaiting entry for.

This week we have only taken a handful of trades which is normal given that  it’s Non-Farm Payroll (NFP) week. Each trade we have taken so far has been a winner. The next 48 hours look like it will be relatively quiet, so we should have some great technical setups coming soon. We will all meet again tomorrow morning at 11 am in our Forex Trading Room for another live trading session. If you have not join us yet, keep in mind we are offering 2 months for the price of 1 until tomorrow.