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The Canadian Dollar futures had a breakout for Friday. This signal yielded a slow moving trending move that rewarded patience with holding onto the trade. In last night’s edition of Swing Trader’s Insight I labeled the Canadian Dollar as a breakout trade candidate for today. Thursday was an inside day and showed significant range contraction… Read more.
Have a look and be ready to take action!
On Tuesday the 15th we went SHORT this market at 75.60 after the 50% retracement level turned this market away.
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Beyond the Spotlight for the week of November 19, 2018 covers the Canadian Dollar, 30-Year Bonds, and Coffee markets. Watch now to look ahead with us, while potentially creating additional trading opportunities for yourself.
That took a little longer than expected but we hung in there and it paid off!
Have a look at what the market did the last time the RSI was knocking on the door of the 70.00 level!
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For the Week of October 16, 2017 This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service. Highlighting This Week’s Potential Breakouts: British Pound There is a 1-2-3 Top Formation setting up for… Read more.
On Sunday afternoon I went over the price charts for my Swing Trader’s Insight advisory, looking for potential trades for Sunday night and Monday. I sent out two charts; I recommended looking to short the December Treasury Bond futures if they broke below the Friday low of 154-24. Here was the chart I sent yesterday.… Read more.