June 20 Chart of the Day - EUR/USD
Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so that's what we use for the basis of our reviews
Sort of a unique week that should be treated uniquely...
We can’t remember the last time that there was a 4 day trading week where Wednesday was the off day. That coupled with indice prices trading at or near all time highs truly makes this unique trading conditions.
So while we're watching indice charts for intraday setups the real edges may be found in Forex or Commodities for a while.
We have featured over 220 Charts of the Day during the past year and teach Price Action Trading for FREE to traders who join our Highly Rated Trade Room.
Weekly Chart
Daily Chart
Only time will tell for sure what price will do next...
We've layered in traditional Fibonacci levels as well as support/resistance and trend to help identify potential price levels of interest and/or future price targets.
Armed with precision oriented charts like these both traders and investors can formulate their respective plans.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones,
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think.
We'd like to hear from you in the comments sections.
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