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
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