Daily Market Review – November 21st 2013
Hello everyone….today’s commentary is going to be a little bit different because Chad’s not doing it. Unfortunately he is having some internet issues. As you all know Chad lives in the Philippines and apparently they are doing some work to the infrastructure. He should be up and running by tomorrow….I hope. In the mean time instead of not doing a commentary I decided to post my Daily Market Review that I do for the members. I hope you all enjoy it. It is about 10 minutes longer than normal because I had to explain quite a bit more for those who are new to the site. Below the video is a copy and pasted text that I put below all my reviews. It simply writes out the levels I talk about in the video.
EUR/USD – The Euro reversed the cycle yesterday. It looks like the short first push in the beginning was quite possibly the first push after all. Either way with that large of a push down I hesitate to call it a first push down as it is far outside the average move and thus why I will be looking to trade the manipulation point to both sides of the price.
Manipulation Point/s – 1.3442 & 1.3496 Upper – 1.3415 & 1.3395 & 1.3366 Lower
GBP/USD – The Pound looks to have given a first push down and therefore I will be looking to take the second push to the downside.
Manipulation Point/s – 1.6107 & 1.6176