I’m down with the flu as I’m writing this…
…But that hasn’t stopped me from doing my weekly market analysis.
Anyway, the focus is on Euro currency pairs as a few of them are approaching key resistance areas. I want you to pay attention to these levels because these are high probability turning points.
Plus, I’ll share a trade review with you. You’ll learn the exact thought process on why I took the trade, the precise entry & exit, trade management, and more.
So, go check out this week’s video (and get ready to short some Euros)…
Some key levels to watch on Euro currency pairs
I hope you’ve enjoyed this week’s market analysis.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
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Good analysis thanks.
You’re welcome, Grant!
Don’t hesitate to let me know if there’s anything, I’ll be glad to help.
Thanks you ,nice analysis
You’re welcome, George!
very cool and explained well
Cheers Adam!
Hello Rayner, I am not very sure about the point when you said HTF trend against an area of resistance in the daily timeframe. Could you please explain again? Thank you!
Hey KS,
Sorry but could you elaborate your question, not quite sure what you meant…
Thanks for another trading video – hope you feel better soon!
Thanks Jay. I am feeling better! 🙂
Hi Rayner
Thanks for sharing your analysis.
Can you advise once you enter a trade using one hr timeframe do you continue to manage the trade on the same one hour timeframe or do you switch back to daily timeframe.
Rgds
William
Hi William,
I usually manage my trades on the daily.
Hello Rayner,
Your analysis directing me digging deeper. Thanks again.
Regards,
Zamiul
Hi Zamiul,
Glad to hear that. Don’t hesitate to let me know if you’ve got any questions, I’ll be glad to help.
Thanks for the great analysis on EUR. I have two questions:
– do you take into account any news ( for example oil news which is influencing the CAD) or you just trade charts ?
– on the EUR AUD I can argue that we could enter a short as the market seems exhausted on the upside. However we have not reached the previous resistance. How do you see this chart ?
Thanks
Gabanes
Hi Gabanes,
I’m a technical trader and I don’t take into considerations fundamentals.
To be honest, I went short earlier and got stopped out. Staying on the sidelines now…