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Euro futures day trading strategy
range and we see a bull price channel, double-bottom and trigger-zone support
below the current price. We are also
trading at the lows from Wednesday which also happens to be lows of the price
channel.
We want to buy these price channel lows and buy
the PLOD as major support, and if price keep falling below 1.3080 we will sell retracements
after looking for the fake-out breakout.
Euro Day Trading Strategy |
The
55-range chart for the Euro further-refines our day trading strategy by using
the same basic clues we got on Tuesday. We
see the bull price channel support at 1.3060, the double-bottom support 1.3027,
and the inside day trading inside the range from Tuesday.
The
21-range on the Euro completes our day trading strategy we want to buy these
lows of the price channel, and we have the AB=CD reversal zone support starting
at 3065 and we want to sell retracements below 1.3020. if price rises above the 1.3113 we can buy a
2-step pattern long and look to take profit at the highs of the price channel,
and we will then sell the price channel highs along with selling the resistance
overhead.