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 timeframe and find an acceptable entry. Since the short setup took place on the daily chart Trader Rick recommended to dial down to a smaller timeframe. See what timeframe he chose for an entry. One timeframe provided two very good low risk entry points.
Next chart is the daily ES continuation chart where last week was a narrow range week. IF price can move thru the 1127-1128 resistance level on good volume look for a possible ab=cd pattern with a D target revealed in this video.
Good Trading!
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