Credit: All eyes are open but...
In golf they talk about being committed to the swing. In trading? Do you have a conviction. Adam speaks a lot about fundamental convictions. In fact, he will be speaking fundamentals at the ACT traders course starting on June 24 .
Commitment has to do with trust and with the EU referendum ahead ( READ Ryan's post ), the seas are starting to get a chop to them. It is Friday too with polls and Sunday readings to stir the cauldron.
Looking at the EURUSD, the level that stand out is the 1.1244. This is where the 100 hour and 100 bar MA on the 4-hour is found. The pair has one hourly bar close below the level in the London session. That fall below took the price to the 100 day MA at the 1.12257 (the low stalled at 1.12222). Stay above keeps buyers happy.
ON the topside, the 200 hour MA and 200 bar MA on the 4-hour chart come in at 1.1288. That range will likely keep the uncommitted day traders happy.
You need to be committed to your golf swing and your trade. If not just do the best you can...or take up another sport for the day until you get the proper coaching from a profesional. Right, Sir Charles Barkley?
Need help in navigating your trading? Need a swing coach? Charles Barkley sure needs some help.
Join the Attacking Currency Trends Traders course today. I will help your trading and will give some swing tips as well (if you need it). ; ) For more information, CLICK HERE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
