EUR USD: Pattern for Profits

By: Black_Swan

Lots of times trading will reward you if you find patterns in historical price data and bet on it occurring again. It’s kind of like the whole “History repeats itself!” motto. Of course, history doesn’t keep on repeating itself, especially in financial markets. But there is another motto to remember: “The trend is your friend!”

Here’s a trend for ya ...

The euro has been on a dramatic run versus the dollar. This chart only goes back to the end of 2006, but the trend has lasted longer than that.

Jack Crooks

Black Swan Capital LLC

http://www.blackswantrading.com/

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