This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Formation Finder portion from May 12th.
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June CANADIAN DOLLAR:
I was looking at the support that the market was finding near the 77.35 level earlier this week in Tuesday’s 5/10 email.
For those who are involved with this market, you may want to consider updating your stops at this point or checking in on the prices of any call options you bought
*** If you did not choose to get involved in this set-up, it is important to at least go back and check in on the pattern that was mentioned for a few different reasons… ***
- The set-ups that we see are not unique to any particular markets.
- A formation you see in one market can potentially present itself in another at some point down the road.
- It can be helpful to recognize price action when formations are happening so you can be better prepared the next time a certain set-up is noticed and pinpointed in whatever market it happens to pop up in next.
Have a look:
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