G’day traders,
Welcome back to a new trading year.
First up, i’ll be taking a look at the EURO/USD as it is still in a strong downward to the right pattern respecting the strong curve of the weekly trendline.
Please see below the Daily and weekly charts marked up.
Follow along the video and hope it assists with your trading.
I’ll be looking for sells upon daily closes, weekly set and forget supply limits. Demand limits.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Pink = Consolidative box example (Daily)
- Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video – please listen again incase any detail is missed.
Previous charts
Daily Chart
Weekly Chart
Updated in line with the video:
Daily
https://www.tradingview.com/x/Ln4azBVK/
Weekly
https://www.tradingview.com/x/ZWoP9erV/
Do you enjoy the setups?
- Professional analyst with 8+ years experience in the capital markets
- Focus on technical output not fundamentals
- Focus on investing for long term positional moves
- Provide updates where necessary – with new updated ideas tracking the progress.
- If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
LVPA
MMXXV