Bradley Gilbert
Traders4Traders
Hi Traders,
We've got a really nice set up across a number of currencies but in particular the AUDUSD, EURUSD and USDCHF. All we need is one trigger point and that trigger is the DXY.
The recent FED speakers (Williams and Bullard) have been talking up the prospect for higher rates in the US. Now that’s nothing new but we are now seeing is a lack of reaction in the market. It’s like the old story about the ‘Boy who cried wolf’!
So I think we’ll soon see a break down in the USD and this will be the perfect catalyst for a trade in a number of currency pairs. The best technical set ups are in the AUDUSD, EURUSD & USDCHF.
Outside of the USD Index breaking also keep an eye on today’s key events which could trigger the moves.
AUD – RBA Steven’s speaks about the current condition of the Australian economy. Any positive signs and it could spark a solid stop loss run to the topside.
EUR – German ZEW data – positive numbers and up she pops…and to assist this would be a strong Brexit poll.
When will the moves occur?
Who know’s …. and that’s why I’ll be loading these orders into MT4 using our Trendline Trader software that works with MT4.
So the entry levels will be dynamic and track the trendlines to make sure out orders are executed at the right levels.
Trade smart, live easy!
Brad
The risk of loss in Forex trading can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in the light of your financial condition. The high degree of leverage that is often obtainable in Forex trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Past performance is not indicative of future results.
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