Trapped Traders Daily Analysis
Selling EURAUD
September 15, 2016
Hello traders, Mark Chapman here. I’m the creator of the trademarked Trapped Traders Concept. Welcome to today’s Trapped Traders Trade of the Day Analysis. Today’s date is September 15, 2016.
The traps we’re going to look at today are what I refer to as multiple structure failure traps and a rat trap, which occurred in that location there. Traders at the hard right edge would’ve been very seduced into this strong move up. And as price breaks the new highs, breakout traders go long. As it pulls back and starts to bounce off that historical level of resistance, traders again go long.
But as you can see, price is starting to go against them. So, if this continues further down and pulls back, this looks like a pretty good place to get short.
If you’d like to join me in my Trade Room today to get analysis on all the pairs I’m trading and all traps I’m considering, I’d love to see you there. Just click the button below to join me for today’s live Trade Room. Have a nice day, and I’ll see you there.
http://trappedtraders.forextradersdaily.com/optin-38308384?aff_sub=internal&affiliate_id=421745
Disclaimer:
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