Wednesday, July 23, 2014

Low-Volatility - Swing Trades Pt. 1.3

So it's clear that today showed a lot of indecision in the EUR/USD. The pair stayed in a tight range all day but still below the 1.35 support that was broken yesterday. All the haters looking to fade the breakdown are about to be shaken out by the pros as they cause the maket to move sideways and erratic until the path is clear to either drop further or reverse and start marching up. As the buyers of 1.35 panic and start buying more to average their already losing poisons.. I mean positions, or they sell to get out of their losers, they'll push the mRket down lower and the institutions will most likely be really happy to take the orders. I'd sit on the sideline until the LONDON session to watch for bids towards the broken support to clean up lingering orders and to see if they might want to save everybody some time and just drop the pair a hundred pips or so to cause a free-fall. None-the-less be attentive tomorrow as today wasn't easy or helpful like yesterday and we might see some action that could really shift the market. 

PS: AT THE END OF THE WEEK I'LL BE ANNOUNCING SOME AWESOME NEWS SO TUNE IN FOLKS!! 

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