Our webinar recorded the day after heaving euro selling when it was a case of either searching out a reversal opportunity or looking to re-enter the primary trend lower on the best pair.
Image Source: Unsplash
There was a potential reversal on the eurodollar once the USD pulled back but it was the EUR/AUD which offered a continuation of trend opportunity-driven in part by strong buying of the Aussie on positive market sentiment. Our Quantum Currency Matrix confirmed Aussie strength with AUD/JPY at the head of the leader board while EUR/AUD at the bottom.
Video Length: 00:29:05
Entering an existing move can be tricky but it’s a lot easier if you understand primary & secondary trends and use volume price analysis to establish whether a pullback is simply that or the first sign of a reversal. Looking at significant support & resistance levels in multiple time frames will help & on this occasion the Renko chart is invaluable in confirming the trend.
All the indicators are my own and available from Quantumtrading
Comments
Log in or sign up to join the conversation.