The currency pair that is the most attractive to me at the moment is the eur/usd. It has made multi-year highs this week at 1.4281 and has since fallen back down to 1.4066. I am taking a bearish stance and will be looking to sell rallies. Since NFP is this Friday, I will stand aside and wait for a setup. I would love to see the euro rally and hit a Value Level that I can start selling into. I will talk more later about Value Levels and how they can be used to position yourself in a low risk trade that doesn't require a lot of chart monitoring. After all, who wants to be glued to the charts waiting for a setup? Trade setups can take time before they are ready. Staring at the charts won’t speed things up. There are better things to do while the setup is forming. Go play some golf or spend some time with your family. Happy Trading!
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