August 1, 2012

Euro Currency Futures Chart Prep

The Euro is trading in a narrow range, big wicks to the candlesticks, at the highs of the bear channel and the middle of the range from Tuesday.  We want to buy if price tests the PLOD, and sell if the price tests the PHOD.  In other words, this lack of conviction on the euro requires us to FADE the breakouts.

    schooloftrade

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