Welcome to the video update for Monday, February 14th. How is the weather in your part of the world? Hopefully spring isn’t far away! Trader Rick reviews the weekly chart of the EUR/USD pair shown in last week’s video update. This past week was another shooting star. 3 weeks in a row. What does this mean? The 9/30 conservative short was triggered this past trading week at 1.3538. Target is given in the update. See if the daily EUR/USD pair is still bullish.
Trader Rick discusses a 9/30 setup on the Canada 1800 tick chart. Check out the market structure in this market. See how previous resistance became support and the aggressive 9/30 long setup that took place.
In crude, sellers took control this past week driving prices down to the 85 support level discussed in last weekends video update. Watch the 85 to 93 trading range to see if it holds.
In the stock indexes, Trader Rick looks at the ES market. What did the weekly chart do last week? For a conservative 9/30 setup see the 43,200 volume chart for Trader Rick’s analysis. From a market structure point of view it is important to know your support/resistance levels. Combine that information with price patterns and you have an edge in your trading.
Good trading!
Tags: 9/30 aggressive setup, conservative 9/30, market structure, support/resistance
Leave A Reply (No comments So Far)
No comments yet