In this brief post I share today s daily review for the EUR/USD forex pair. The short setup I have mentioned yesterday in my free Newsletter weekly Review has materialized.
Check the below video and review yesterday s analysis in the Newsletter (by the way the videos are now fixed, and the link from the newsletter are working)
The Euro violated the sequence short (in extensions) on the 4 hour chart and the anchor I have indicated yesterday and on Friday (at FXStreet.com LAR interview) came into play again. This level is 12/30/2013 low at 1.3727 and this is a very important level that has the potential to come into play also after price will test 1.3320 area.
Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.
My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.
I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.
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Have a great evening.
Giuseppe, the FibStalker