I am going to share a couple of levels with you today.
Trade One
First is the USDCAD, looking to buy around the 1.0120/30 area targeting a move back up to 1.0250. For intraday traders set a stop around 1.0075.
Trade Two
Second is the EURJPY. I will likely take a sell in the 160.30/50 area targeting 158.30/40. For Intraday Traders place stop around 160.90.
The above trades are based on order flows from banks meaning that the likelihood of a reversal is strong; however, banks can pull orders and occasionally if there is enough volume orders can be absorbed. I will try to post trades that I feel are 90% success rate on this forum since I can post updates in real time. You should not trade either of the trades if they do not fit your current risk profile.
These are just two of many levels that I am watching.
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
