In today’s live trading session, we went over the trades we took this week and the AUDNZD swing trade we have planned for next week.
This week we focused on EURUSD, AUDUSD, NZDCAD, EURNZD, and CADJPY. We were able to enter EURNZD, NZDCAD, and CADJPY. EURNZD has hit its first target and we are looking to get more out of this swing trade. Our NZDCAD trade is in some slight profit and we are expecting further profits to come. CADJPY is in some slight drawdown and we expect price to push lower after creating the latest lower high.
We will continue to hold the aforementioned trade ideas. As for new trades to take, we hope to get entry into EURUSD and AUDUSD longs next week. In addition, we have also spotted a swing trade for AUDNZD. The price action for this trade perfectly mirrors the price action seen in EURNZD. We are looking to enter short once we get a daily down candle below support.
Due to the Thanksgiving holidays, many of our pending setups for the majors remained pending. Not to worry, as next week we have the Non-Farm Payroll release which should cause some much-needed movement. Have a great weekend!
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