Review morning trades. EUR/USD Shorts below 1.1254, Target 1.1226 saw 1.1222. Reported bottom held 1.1198. Then longs above reported 1.1226, target 1.1254 saw 1.1245 and a point mentioned. I can’t take proper credit for shorts except for targets because I ran to late for the full short trade. I take credit for long above 1.1226 to 1.1245, + 19. Nothing special this trip.
EUR/CAD. Bottom 1.4844 violated to 1.4826 then longs above 1.4881 to target first 1.4919 and 1.4969. Dead stop occurred at 1.4969 +87 pips. Then short to 1.4944 then 1.4919 violated to 1.4911. + 49 pips. Both trades, 2 hours, + 19, + 87, + 49 = + 155 pips. Not counting violations.
All points, ranges, targets fully outlined every trade so all know completely the entire market, price locations. Rarely do we see a big miss, always perfectly on track, at least 90% targets hit every time. Never never a loss. I don’t miss, I won’t ever miss and always on target. Readers benefit from not just one trade for profit but many longs and shorts in an outline of the full Statistical Price Paths in every trade. Even on dead days, we make money and catch every price move for profit.
EUR/USD. Bottom. 1.1189. Range break above 1.1358, Below 1.1066. Overbought sell point 1.1301 – 1.1328. Strategy. Longs above 1.1248, target 1.1301. Then reverse short to 1.1274 then 1.1246. Points on the way up, 1.1250, 1.1262, 1.1274, 1.1287, 1.1301, 1.1328.
Shorts below 1.1246, Target 1.1217. Watch for reversal here to 1.1246 and higher. A break continues lower to 1.1238, 1.1231, 1.1225, 1.1219, 1.1203,Bottom 1.1189. Bottom breaks then 1.1127.
EUR/CAD treated us well, that’s next then USD/CAD and more. For the future, I will refrain from acknowledgements. just wish to say thank you to all viewers.
Brian Twomey, Inside the Currency Market, btwomey.com