Affichage des articles dont le libellé est and Trade Setups on EURUSD. Afficher tous les articles
Affichage des articles dont le libellé est and Trade Setups on EURUSD. Afficher tous les articles

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