Welcome to another live trading session. In today’s live trading session, we went over the status of our trade setups from yesterday and trades that we could take for the remainder of the week.
The three setups that we gave in yesterday’s session are still pending as much of the pairs have been ranging in between key levels and have not broken them. This was expected as it was the first trading day of the week. We should see momentum pick up going into the midweek.
In today’s session, we found reentries into our previous NZDUSD and AUDUSD swing trades. We have made a substantial amount of pips from trading the selloff of both the New Zealand and Australian Dollar. We are going to enter these trades again, once the recent low, which has turned into support breaks. This should take us lower as fears amid Coronavirus grows.
Above all else, our health and the health of everyone around is of utmost importance. We hope during this time of social distancing, traders use the extra downtime to practice key elements of our price action strategy so that they are ready to go once this pandemic passes on. We have some great setups that are moments away from entry, if any of the above setups are entered, members will be notified. As always, be safe and trade responsibly.
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Check Yesterday’s Blog Post: March 12th, 2020