Welcome to the video update for Monday, June 28th. Trader Rick will start with the monthly EUR/USD pair chart where the month of June is going to finish completely outside the keltner channel, indicating current momentum is strong to the downside. Note the D target of the ab=cd pattern. The weekly chart shows overhead resistance […]…
Welcome to the video update for Wednesday, June the 23rd. Today at 2:15pm est will be the FOMC announcement of any interest rate changes. My recommendation is to stand on the sidelines when the announcement is made, then be patient and wait for a clean setup. First chart is the EUR/USD pair 60 minute chart. […]…
Welcome to the video update for Monday, June 21st. In this video update, Trader Rick talks about 3 things on the EUR/USD weekly chart that gets his attention. See what they are. On the daily EUR/USD chart, see what often happens after a descending triangle in an extended run. Next chart up is the weekly […]…
Welcome to the video update for Monday, June 14th. Check out the short trading lesson on the two most common types of retracements after a rally outside the keltner channel. First chart is the EUR/USD pair weekly chart where price completed the 4th consecutive week trading outside the lower keltner channel. Note the overhead resistance […]…
Welcome to the video update for Monday, June the 7th. A reminder that the indices roll to the September (U) contract this Thursday. We will start with the EUR/USD pair weekly chart and price continues to trade outside the lower keltner channel, telling us that the momentum and trend to the downside is firmly in […]…