Tuesday, July 22, 2014
Low Volatility- Swing Trades Pt.1.2
So the EUR/USD broke the 1.35 level today as I expected it to and as I wrote about yesterday. From here you can sell the pair down to the 1.33 level while watching for support buyers that can make the pair suddenly pop during the more volatile times of trade (US and LONDON sessions). This will provide you with trend riding trades all week until we reach our 1.33 entry at which we should stalk the price to confirm the support and watch the market makers shake out the amateurs trying to pick bottoms with the hopes of a sudden reverse; Which I might add is not likely to happen in 1 session or even 2. So stay tuned!!
Location:
Americas (null)
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