Welcome to another live trading session. In today’s trading session, we went over the current status of our trades and then scouted the markets for any last-minute trades we can take before the week ends.
In yesterday’s live session, we did a live analysis for EURAUD and EURNZD. Currently, both trades have combined to bring +140 pips. EURNZD still has yet to make a major move as the pair floats around entry. This pause in the downtrend can be attributed to the new numbers for the Coronavirus.
In today’s session, we spent some time looking for setups that we can take for the next 48 hours. We were able to find a potential long setup on XAUUSD (Gold), but that is only on the table if we get a bullish closure above 1580. We do have US Core Retail sales tomorrow, which can be the catalyst to take Gold to new highs.
This week was noticeably slower than the past few, which was expected as the Coronavirus scare continues to grow. We predicted this during Monday’s session. Unfortunately for us, like the US-China trade war, there seems to be no end in sight. It is going to be a rough next few months or even years, depending on how this situation plays out. Luckily, our trades haven’t been too affected by this. I will see you all tomorrow for another free live trading session. As always, be safe and trade responsibly.
Check Out Yesterday’s Blog Post: February 12th, 2020