A Second Chance at Big Profits

The market gives second chances. Successful investors know this.

As Rodney pointed out above, the fundamental problems facing Europe have not materially changed since last summer. This has made the euro/U.S. dollar exchange rate volatile. For those who added UUP to their portfolios in October, this volatility hasn’t been too bad. We’re still positive, partially because we didn’t follow the herd and we didn’t buy at the top of a rally.

In September, the dollar made a strong upward breakout from a bottom formation. We waited patiently until October, when the dollar took a breath and pulled back. Fibonacci retracements gave us a means of measuring the pullback and finding a favorable entry price (blue circle in the chart below).

After another strong rally in November/December, the dollar is pulling back again. This gives us the same opportunity we had last October… and a 2nd chance to buy the U.S. dollar at an attractive price (red circle).

U.S. Dollar (UUP) Enters “Sweet Spot”
Buy Zone a 2nd Time

How CEOs are Earning 335x MORE Than Their Own Employees

What if I told you up to 95% of companies currently trading on the stock market today are essentially stealing money right out of your pocket!? This includes some of the biggest names in the corporate world… companies that trade millions of shares a day, who you might be invested in right now!

Discover just how far the deceit on Wall Street goes and how you can still uncover many lucrative opportunities in the stock market today, in our new infographic: How CEOs are Earning 335x MORE Than Their Own Employees

Categories: Economy

About Author

Adam O’Dell has one purpose in mind: to find and bring to subscribers investment opportunities that return the maximum profit with the minimum risk. Adam has worked as a Prop Trader for a spot Forex firm. While there, he learned the fundamentals of trading in the world’s largest market. He excelled at trading the volatile currency markets by seeking out low-risk entry points for trades with high profit potential. An MBA graduate and Affiliate Member of the Market Technicians Association, Adam is a lifelong student of the markets. He is editor of our hugely successful trading service, Cycle 9 Alert.