April 2, 2012
- in Uncategorized by schooloftrade
Euro currency futures day trading strategy
The euro is in a much better spot that the Crude Oil this
morning at the highs of the range and the price wedge says price should fall of
these highs. With the dollar index moving
higher and the overhead resistance on the dollar index this is a good time to
sell short on the euro but doing so carefully until the dollar index breaks its
major resistance at 79.280.
morning at the highs of the range and the price wedge says price should fall of
these highs. With the dollar index moving
higher and the overhead resistance on the dollar index this is a good time to
sell short on the euro but doing so carefully until the dollar index breaks its
major resistance at 79.280.
Ideally we want the dollar index rising higher
and the euro falling lower and we want to sell the highs of this price wedge,
and then take profit in the middle and the lows of the price wedge, where we
will then look to buy the lows of the price wedge around the trigger-zone support
of 1.3200.
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| Euro currency futures day trading strategy |
