Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

October 15, 2016 | Quick View Chart: EUR Hourly

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

Our subscribers are short EUR/USD from 1.1260…first target the daily swing low at 1.0950…

Quick View Chart: EUR Hourly

14 October 2016/6:52 a.m. ET

EUR/USD Hourly [last 1.1016] – This setup is a bit convoluted (maybe forced); so the confidence level is moderate at best. Key daily swing support comes in at 1.0950; then 1.0909— this view targets to the 1.0909 level in a five-wave impulse move down. Viewing the recent recovery in Wave 4 as corrective…setting up for a Wave 5 thrust down in direction of the daily trend. Key n/t resistance at Wave 4 high 1.1060.

www.blackswantrading.com 

www.blackswantrading.com

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

October 15th, 2016

Posted In: Black Swan Currency Currents

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.