In today’s live session, we start off by speaking about the #ECB Monetary Police Release and the effects it had on our trades that we had taken. In short, the #ECB is set to cut the interest rates another 10bps, from -0.40% to -0.50%.
Our EURUSD shorts from yesterday were stopped out at entry. At the ECB release, we saw the pair drop a 100 pips before snapping back in the other direction. Our EURNZD shorts went as deep as 38 pips into profit, before being stopped our partial was stopped at entry upon the news release. Furthermore, our CADCHF shorts have hit their first take profit, and we expect further downside.
Shifting our focus to potential trade setups for the rest of the week, we await price action to clean up on the charts as it’s not uncommon for major news release to ‘ruin’ a nice chart. It is Thursday, and we do have US Core Retail Sales tomorrow, so as always, we will look for only the best trade setups to enter.
Be sure to tune into tomorrow’s live session, which will be available to both paid and free users. We will be going over how the week went, and potential trade setups for next week. I will see you all on the portal tomorrow at 11:00 AM EST. Take care and happy trading!
Watch the Session Here: https://www.forexlens.com/portal/