ShadowTrader_08
ET Sponsor
The full version of this report with daily F/X setups and real-time email alerts is available here for $20 per month
<h1>Dollars & Sense</h1><br>
Good Morning, Traders!!! And Welcome to <strong>ShadowTraderPro F/X Trader. </strong> Thursday, the U.S. Dollar moved lower tracing out what looks like the final touches of the wave C decline. The index is due for a bounce to at minimum the 85.00 level. So we still await a five wave move higher to confirm that the wave C bottom is in and the trend has in fact changed to up.
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090320USD.GIF">
Yesterday, the <b>EUR/USD</b> retraced lower before thrusting higher to what likely will be the top of this last move. The pair clearly has completed five waves up and is due for at minimum a correction down to the 1.3400 level. Our <i>Short Idea</i> for this pair has a trigger at 1.3650, stop at 1.3711 and a target at 1.3400.
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090320EUR.GIF">
The <b>USD/CAD</b> looks to be following the other pairs as it too is correcting higher. We are targeting the 1.2500 level for the completion of this move, thereafter, we will assess whether there has been a change of trend back to up. We need to allow more of the pattern to develop before we can confirm that the trend has changed back to the upside. If we see a high probability setup, we will alert you here or in an intra-day email alert.
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090320CAD.GIF">
Thursday, we sent an intra-day email alert to short the <b>GBP/USD</b> at the 1.4535 level for a move lower to the 1.4200 level. We are maintaining our stop at the 1.4600 level for now, however, once the pair has moved below the 1.4434 level, we are recommending moving the stop to break even. Currently, the pair is up
54 pips.
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090320GBP.GIF">
<h1>Dollars & Sense</h1><br>
Good Morning, Traders!!! And Welcome to <strong>ShadowTraderPro F/X Trader. </strong> Thursday, the U.S. Dollar moved lower tracing out what looks like the final touches of the wave C decline. The index is due for a bounce to at minimum the 85.00 level. So we still await a five wave move higher to confirm that the wave C bottom is in and the trend has in fact changed to up.
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090320USD.GIF">
Yesterday, the <b>EUR/USD</b> retraced lower before thrusting higher to what likely will be the top of this last move. The pair clearly has completed five waves up and is due for at minimum a correction down to the 1.3400 level. Our <i>Short Idea</i> for this pair has a trigger at 1.3650, stop at 1.3711 and a target at 1.3400.
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090320EUR.GIF">
The <b>USD/CAD</b> looks to be following the other pairs as it too is correcting higher. We are targeting the 1.2500 level for the completion of this move, thereafter, we will assess whether there has been a change of trend back to up. We need to allow more of the pattern to develop before we can confirm that the trend has changed back to the upside. If we see a high probability setup, we will alert you here or in an intra-day email alert.
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090320CAD.GIF">
Thursday, we sent an intra-day email alert to short the <b>GBP/USD</b> at the 1.4535 level for a move lower to the 1.4200 level. We are maintaining our stop at the 1.4600 level for now, however, once the pair has moved below the 1.4434 level, we are recommending moving the stop to break even. Currently, the pair is up
54 pips.
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090320GBP.GIF">