In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we look at dollar volatility on Independence Day.
If we get some movement on the dollar then how should we position ourselves? To answer this question we have identified two high quality trades but these are dependant on whether we see dollar strength or weakness.
If we see strength across the dollar majors we can look at the EURUSD below yesterday’s low of 1.1268. However, if we see the dollar selling off, a prime candidate would be the USDCAD. There is a strong level of support around the monthly low of 1.3056. If we see a break of this level it would mean another structural failure to the downside and would become a high probability trade to the downside.
Dollar Volatility on Independence Day – Full Video Analysis
Take your trading to the next level with our 14 Day, No Obligation, Free Trial. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to be part of it.
You can join for as little as $19.99 per month, no contract, cancel anytime. Just one profitable trade with us per month covers this amount, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!
