It's been a week since I've found anything to trade on the Euro, but maybe that will change soon as I have 2 potential buying opportunities on my radar heading into today's trading day.
Still in consolidation I'm not predicting any type of continuation move, rather I'm looking for previous support and resistance levels that I can take advantage of as this market...
Last week I shared with you a video of a prediction made on the GBPUSD and what you could be looking for if you didn't get involved at the original entry. Well we never got the double bottom, however there is now a chance that we could see an advanced pattern formation complete in that same area.
The three ways to attack this trade would be
A) Strictly trade...
- US dollar, in our view, is facing its resistance. And we see some selling opportunity on US dollar pairs: USDCAD, USDJPY and USDCHF.
- Visit streetrader.com for more.
- US economic data, Japan employment, UK GDP. Be prepared for volatility.
- Stay small, stay calm.
- Patience is the best virtue in trading.
- Visit streetrader.com for more like this.
The US Dollar fell to a four-month low last week with prices testing 94.50 support on dovish FOMC meeting. But prices managed to reverse their losses with the Dollar Index posting steady gains, for the most part, this week. Prices rallied for nearly four consecutive days after falling to the 94.50 support.
The gains in the US Dollar came about as various Fed...
A potential bullish Advanced Gartley Formation that (depending on the reversal) may end up being the "C" leg for a potential Bearish Advanced Gartley Formation.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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