July 1, 2013
- in Uncategorized by schooloftrade
Euro day trading strategy
 |
| Euro Daily Chart 1440-Minute |
The Euro
daily chart shows us needing to wait to get to the 1.2900 big-round-number for
the high-percentage-trades at the lows of this price-wedge. We can wait
patiently for that as the week develops, keep it on your radar because if we
test that support we will indeed look to buy it.
daily chart shows us needing to wait to get to the 1.2900 big-round-number for
the high-percentage-trades at the lows of this price-wedge. We can wait
patiently for that as the week develops, keep it on your radar because if we
test that support we will indeed look to buy it.
 |
| Euro 4-Hour Chart 240-Minute |
The Euro is
trading just off the major trend line support at 1.3000, and considering this
support was also a big-round-number we know that this bounce off 3000 is a big
clue that we may have a rising week ahead of us. We can also see resistance in the form of a
trigger-zone overhead at 3092 down to 3072 which is keeping this price-action
contained inside this narrow trading-range.
This 4-hour chart tells us we need to wait to buy the lows at 3010-3000,
or wait to sell the resistance at 3072 up to 3092. We can buy above 3092 but we need to get
there first.
trading just off the major trend line support at 1.3000, and considering this
support was also a big-round-number we know that this bounce off 3000 is a big
clue that we may have a rising week ahead of us. We can also see resistance in the form of a
trigger-zone overhead at 3092 down to 3072 which is keeping this price-action
contained inside this narrow trading-range.
This 4-hour chart tells us we need to wait to buy the lows at 3010-3000,
or wait to sell the resistance at 3072 up to 3092. We can buy above 3092 but we need to get
there first.
