Welcome to another live trading session. In today’s session, we went over the trades we took this week that led to +660 pips of profit. We then spent the rest of the session going over possible setups for next week.
This week was arguably our best trading week of 2020 thus far. We had some major home run trades, which can be expected when you enter swing trades. US Oil (crude) was by far, our biggest winning trade that resulted in +380 pips in 24 hours. The trade was analyzed live in our Forex Trading Room and the signal to enter was called after. Our final take profit was reached during today’s session and we have now exited from the trade.
A swing trade that we are continuing to hold onto is our short on AUDUSD. Using technical and fundamental analysis, we deduced that this pair was more than likely to see a sell-off. Our prediction has so far been correct as we are floating in +120 pips of profit. During the midweek, we decided to enter a short for AUDJPY. This was an intraday trade that brought in +80 pips.
We also had a handful of other winners such as USDCAD and GBPJPY. We are expecting to take a short on GBPJPY next week once the pair clears the current daily support and prints a bearish closure. As of right now, the only trade that is being held is AUDUSD. Over the weekend we may have more developments for the Coronavirus, which we will discuss on Monday. Have a great weekend everyone and enjoy those profits responsibly!
Check Yesterday’s Blog Post: February 27th, 2020
