Welcome to the video update for Monday, October the 4th. Trader Rick will take a look at some monthly charts to get the big picture look for the month ahead. First chart up is the EUR/USD pair monthly chart where price is now in the sell zone. Watch price action closely as we are near […]…
Welcome to the video update for Monday, September the 27th. Take a look at the EUR/USD pair weekly chart where the 9ema finally crossed the 30wma setting up a 9/30 long. Price is now approaching the fib zone which may provide resistance. On the daily chart price is approaching the 1.27 fib extension at about […]…
Welcome to the video update for Monday, September the 20th. First up is the EUR/USD pair weekly chart where price moved higher last week. Currently, the trend and momentum on this timeframe are up. Bias is up also on the daily chart with price trading outside the upper keltner channel the last 3 trading days. […]…
Welcome to the video update for Monday, September the 13th. Last week in the EUR/USD pair a conservative 9/30 short set up on the daily chart. The short was triggered on Tuesday morning at 1.2865 but what if you missed the entry or if the risk/reward was not acceptable? Answer? …dial down to a smaller […]…
Welcome to the video update for Tuesday, September the 7th. For those in the U.S., I hope you enjoyed your Labor Day weekend. My aunt celebrated her 95th birthday on Saturday which was great fun. First chart up is the EUR/USD pair weekly chart where we continue to monitor a possible ab=cd pattern. As we […]…