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. Note first level of support IF price retraces.
The dragon pattern on the weekly Canada chart is updated by Trader Rick. Take a look if you are not familiar with the dragon pattern.
Another market not mentioned lately is the gold market where price made new highs last week. See where the measured move target is first talked about back in the fall of 2009.
If you are a crude trader, Monday is the last trading day for the October contract. Move to the November contract by the close of trading on Monday. Symbol is X for November.
Next up is the weekly 30 year bond futures chart. Price is retracing in to the buy zone after a good trend move up. From a market structure point of view, look for price to find support just below the 124 level, most likely higher.
Moving to the stock indexes, Trader Rick looks at the two bar per day chart where price last week tested the 1126-1127 level again. What is the next target if price moves thru this level of resistance?
Good trading!
Tags: dragon pattern, measured move
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