Logistic Wealth Management
Strategist-Tanner Elphee
6/25/17
Our current consensus points toward a weaker
DXY for the early half of the summer.
Price made a nice test of support and it's likely going to leave us behind.
However I'm always interested in those strategic entries caused by freak incidents. This week is chop full of market moving data, fed speeches and other exciting events that could cause price to get volatile.
The path of least resistance for
EURUSD is up. Price has consolidated a bit, but monthly RSI looks good for a substantial move higher. The farther we pull back the better. It seems like 1.11 level will stop out many. Leaving the bull fresh to resume.
Entry -1.10985
Invalid Trade will invalidated if the daily closes below 1.11.
Stop - 1.1048
Target - 1.1200 and beyond with staggered exits and tight stop trailing.
Lets hope it happens!
Share your knowledge and agree!
Trade at your own risk.
Strategist-Tanner Elphee
6/25/17
Our current consensus points toward a weaker
DXY for the early half of the summer. Price made a nice test of support and it's likely going to leave us behind.
However I'm always interested in those strategic entries caused by freak incidents. This week is chop full of market moving data, fed speeches and other exciting events that could cause price to get volatile.
The path of least resistance for
EURUSD is up. Price has consolidated a bit, but monthly RSI looks good for a substantial move higher. The farther we pull back the better. It seems like 1.11 level will stop out many. Leaving the bull fresh to resume.Entry -1.10985
Invalid Trade will invalidated if the daily closes below 1.11.
Stop - 1.1048
Target - 1.1200 and beyond with staggered exits and tight stop trailing.
Lets hope it happens!
Share your knowledge and agree!
Trade at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.