Forex Trading | EUR/USD – A larger move coming?

 

This is the 5-min chart from the CMC Markets platform. There were a handful of decent trades today. Prices are stalling at the bottom of a large channel, and look like they might be accumulating longs for a bigger move later on. Let’s watch and see.

Numbers on the chart correspond to the setups here:  http://synapsetrading.com/mentoring/#/discussion/393/eurusd-5-min-260412

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About the author

Spencer is an avid globetrotter who has been trading, travelling & teaching across 50+ countries, making his first million at 28 and amassing over 300k followers worldwide. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media.

 

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