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We have a very interesting situation across the board in the currency markets, which of course are lead by the USD.

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It’s been choppy, hard to read, and flat out bearish at times for the last year or so.

Which is exactly the conditions needed to fake everybody out and go for a run. Remember markets can really only take off when the bus leaves empty. Together with the first sign of equity weakness in a month, its got my spidey sense tingling.

Here is the setup, from the Price Action Masterclass

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That’s all I have time for right now, I have to go meet community member and investment banking refugee Jehan for a well deserved beating.

After two weeks without even thinking about exercise I’m due for a paddlin

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Enjoy your day

Scott

Check out the Price Action Masterclass here.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Scott Phillips

Scott Phillips

A professional futures trader, Scott makes his living from the currency and futures markets as a systematic trader. Living in Brisbane, Queensland, Australia, Scott provides coaching services through his website - www.scottphillipstrading.com

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