vendredi 18 décembre 2015

The Fed Rate Hike, and Trade Setups on EURUSD, Copper, Crude, USDJPY


Key Points from this video:

1. EURUSD has completed a 50% retracement from its most recent swing high to swing low. This could be a good opportunity to short the pair and target 1.05 or lower.

2. Copper is forming a range after completing the AB=CD pattern. This could signal a rapid move back to resistance around 2.20.

3. Crude continues to make new annual lows but is now near the 2008-09 lows. If we see an accumulation pattern, this could signal a bottom.

4. USDJPY is at a confluence level marked by support, a diagonal trendline, and the 50 SMA. This could allow for a trade with a favorable reward/risk ratio.


The Fed Rate Hike, and Trade Setups on EURUSD, Copper, Crude, USDJPY

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