Welcome to another live trading session. In today’s session, we went over our winning trades for the week and trades we are currently waiting to enter.
In yesterday’s trading webinar we did a price action analysis of GBPJPY. We were able to determine an intraday short trade for the pair. After our simple entry criteria was confirmed, the pair dropped +40 pips to our first take profit level. We are currently waiting for a break and closure below this level, before entering the trade again.
We spent much of last week patiently waiting for our NZDUSD short trade to become active. After this weekend, our entry criteria for the short trade was confirmed. The pair is currently up +50 pips and is on it’s way to our first take profit at 0.65000. Once again, a break and closure below this level will take the pair down to our second take profit.
We spent the last bit of the session finding setups for NZDCAD and EURNZD. For now, we have a long bias on EURNZD and a short bias for NZDCAD. We will monitor price action to determine if the trades will be entered. All setups and trade updates will be sent on Telegram. As always, be safe and trade responsibly.
Check Out Yesterday’s Blog Post: January 27th, 2020
