I personally try and look at who's trading and where the traders are going to be opening positions, where stops are etc and what the price action is trying to achieve and try and get a feel for the order flow so I'm thinking monday will start selling, bring in some weak shorts to get things going who will be playing the resistance (euro) then look for signs of fresh pro buying for continuation
Ok that was a bad trade. Now I'm starting to think that was a one day rally against the dollar. Cad weak again.
Watching Deutsch Bank. Down 2 percent today. I believe that if the euro falls, it will be led by more bad news at European banks.
Cad big volatility. Usd/ Cad mostly down, but rallying hard in the face of a weaker dollar everywhere else. Something has to give. . .
Watch swing highs and lows multi time frame, measures of swings for turning points, time, price and volume relationship, price action on approaches to highs and lows...