Euro collapse due to Greece’s debt problems, part 2

OK, now we know that the “larger degree” chart (4hr) was giving a sell signal, we can zoom down to the 1 hr chart. Here we see that a high was made right at DP resistance. This nailed the high before the Euro declined sharply.

With +5.2R Profit (ignoring spread) available at the lower DP, this was a perfect example of how the rest of the world was running around not know what was happening, in fact the debt crises was headline news. And all the time, MTPredictor had nailed a beautiful trade and was making money for its users. Brilliant !

Thanks, Steve

Euro collapse due to Greece’s debt problems

Hi Everybody,

There has been a lot in the news yesterday about the debt crises in Greece and as such that has affected the Euro. So let’s see what MTPredictor made of this..............

Let’s start with the 4hr chart, where we can see that we had an automatic TS2 sell.................. so the trick now is to move down to the 1hr chart for a better trade entry.

Thanks, Steve