October 5, 2015
- in Uncategorized by schooloftrade
Price Action Trading The Retracement On The Euro Currency Futures; SchoolOfTrade.com
Selling the retracement back after the nice drop lower on an assumed range day allowed us to pick off a solid 71 ticks this morning!
In today’s video we see Euro Currency Futures working off the highs and turning into a range on the day looking for the lows of the day again.
This gave us an opportunity to sell the retracement back for $887.50 right back down to the lows and a farther!
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have the Euro collapsing off the highs proving the sellers have initiative and before we get to the lows of the day we have a small retrace back to reload before seeing the drop once again!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have the Euro collapsing off the highs proving the sellers have initiative and before we get to the lows of the day we have a small retrace back to reload before seeing the drop once again!
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