Alternating Trade Strategies 2

The continuing USD decline with the DXY went through the 1st line below the 95.05/10 basis point support and currently working @94.38 low that have pushed the EURUSD @1.1385 and CABLE @1.5470 respective levels as of this writing. And halted the correction on the EURGBP Cross rate which is in the interim trend higher @0.7338 with prices above 0.7450 or better would provide a positive tone.

Developing 'alternating trade strategies' after establishing price pattern trends higher and its opposite counter-trend positioning can be an advantage especially for those who maybe quick on the draw in recognizing such patterns of price behavior. Price swings on both directions of the market within a three day period meets these conditions only with every trade execution properly timed. For Superior Trade positioning define - Tolerable price ranges from each HI/LO on these three (3) choices of currency pairs including the cross rate have established the pattern with a probable break for both European majors on the high side of the market when an increase in momentum and volumes would re-emerge. 

The post run of the USDJPY @125.50 levels as we stated have been completed as the continued decline on the USD in the European session have just started. As a word of caution, such early run in any market price swing would have a relative pullback in every trading session be fore the closing of the week especially when a break away price level would occur in the next two consecutive days. This over-view would not have a corresponding price chart since what should be monitored well is the price and market behavior of each correlated currency pair.