3 Ducks Trading System | 2nd Nov 2015

Give’em another punch for me, yep I wouldn’t mind seeing the Euro get beat-up even more in the coming sessions.

In fairness the Euro has caught a breather since Draghi knocked it lower against the US Dollar. If the Euro can get back above that area of resistance up at 1.1100 (highlighted) I’d be thinking it has survived the recent Bearish attack.

From a technical point of view I’m bearish and I’d be looking for the selling set-ups on Eur.Usd when all 3 Ducks line up in the same direction. I’d really love to see a move lower this week, down through the sub 1.0900 low (highlighted) and even lower …

At a quick glance it looks like our First Duck (H4) would favor:

Selling set-ups on:
Eur.Usd
Eur.Gbp
Eur.Jpy

Keep hunting for those winners!

Andy
Captain Currency