MARKET UPDATE - WED AUG 3 11:43 PM EST
Gbpusd - equilibrium point = 1.6295. Look for a pullback to that level before considering longs. Take shorts to this level with stop 10 pips above yesterdays high
Eurusd - equilibrium point = 1.4295. Look for a pullback to that level before considering longs. Take shorts to this level with stop above yesterdays's high
audusd - equilibrium level = 1.0647 Look for a pullback to that level before considering longs. Take shorts to this level with stop above yesterdays's high
When the levels are hit look for reversal bars to go in the opposite direction.
Usd chf -0.8005 will not meet daily resistance until that level. look to take longs with stop below yesterday's low.
Nzdusd - Fell through equilibrium point. Next equilibrium point is 0.08358. Take shorts to this level with stop above yesterday's high
Eurcad - closed above equilibrium point of 1.3686 -48. target next equilibrium point at 1.4008. Look to buy in equilibrium range with stop below tuesday's low.
Analysis based on price supported by volume. Volume to mean the amount of participation and who the majority of participation was. Retail or professional.
Note: usdchf and nzdusd projections are counter trend which means the risk is heightened if reversal trades are taken after pullback to the stated equilibrium levels.
CHEERS, JERRY
Eurusd - equilibrium point = 1.4295. Look for a pullback to that level before considering longs. Take shorts to this level with stop above yesterdays's high
audusd - equilibrium level = 1.0647 Look for a pullback to that level before considering longs. Take shorts to this level with stop above yesterdays's high
When the levels are hit look for reversal bars to go in the opposite direction.
Usd chf -0.8005 will not meet daily resistance until that level. look to take longs with stop below yesterday's low.
Nzdusd - Fell through equilibrium point. Next equilibrium point is 0.08358. Take shorts to this level with stop above yesterday's high
Eurcad - closed above equilibrium point of 1.3686 -48. target next equilibrium point at 1.4008. Look to buy in equilibrium range with stop below tuesday's low.
Analysis based on price supported by volume. Volume to mean the amount of participation and who the majority of participation was. Retail or professional.
Note: usdchf and nzdusd projections are counter trend which means the risk is heightened if reversal trades are taken after pullback to the stated equilibrium levels.
CHEERS, JERRY
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