EUR/USD, USD/CAD Daily Update & Forecast, August 6 2014

Hello Traders,

In this brief post I am sharing a brief video on EUR/USD and USD/CAD showing where price could move next.

I picked EUR/USD because it is responding to the lower area of resistance identified in the weekend review.

I picked USD/CAD to better explain what is happening to this pair and why it is important to only risk 1% (you can multiply your gains by risking more on market’s money or other people’s money).

Let me know what you think. Hit reply in the post below or drop me an email at fibstalker@gmail.com.

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.

If you like this article, please share it with your friends and fellow traders. Thank you (use the buttons below the article).  Sharing is caring…

If you want to receive this information you can subscribe my free newsletter.

Have a great day…

Giuseppe, the FibStalker

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Filed under Daily review, English language, Euro FX analysis and trade setups videos, Forex, Program Trading, Trading Plan

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