Support did not hold….time to get involved!
Is it time to GET LONG the US Dollar? You bet it is!!
Lets get SHORT the Euro!
Have a look at the 5 minute video below for my thoughts on the USD and GOLD
We got SHORT this market at 93.20 the week before Christmas on 12/18 looking for a dead cat bounce. And we got it!
We got LONG this market yesterday at 93.80 after the Wednesday candlestick.
If you didnt get involved yesterday…this morning is your 2nd chance Don’t miss it!!!
I like the idea of playing the bounce here but with a close stop (right under todays low). It either bounces here and runs higher or we will exit with a small loss right away….LETS GO!
With the congestion from mid-August providing resistance again, coupled with the Friday failed break-out rally with a lower close and the weak price action today …
For the Week of October 9, 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.
Something about the the Aussie I like this morning!
Have a look at the chart below and TRADE IT WHEN YOU SEE IT!!! …Let’s Go!