About meBased in Singapore, 10 years of Banking and Trading Expeirence. Forex and Future Mentor and Trainer, BILINGUAL both English and Chinese Teaching.
Trained more than 1000 traders in the past 5 years. Founder of Harmonicasia and Jack Trading Academy
Trading Gold By Looking at EUR
This is a special strategy that to be use to trade
some pairs with very strong correlation
Gold Didnt make new high when EUR made
However Now Gold has just create new high
But look at EURUSD! it falls!
Therefore we simply short Gold and make a quick profit
EURUSD AB=CD together with Good Structure
Today Gap up and make higher high
so short temr trend is bullish.
therefore we can use the AB=CD to anticipate
another bullish wave and we can short the completion.
Look left ,there is also a very good reversal structure
we can rely on.
Short EURUSD from 1.1439-1.1470
SL above 1.1505
Aim for a big fall