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90 ticks Day Trading Euro Currency Futures Candlestick Pattern Crude Oil Gold Mini Russell SchoolOfTrade.com
Did you see this pattern on the Euro today?
Did you see the Dollar Index told us when and where to enter?
Did you see the wedge pattern that gave us this easy profit today?
If you missed it, you won’t want to miss today’s video…we’re going to show you how to earn $900usd on the Euro with only 1 simple pattern….and a little help from the Dollar.
– Slow timeframe shows us trading in the middle of the sideways bracket from 83.00 down to 81.00
o We can trade a sideways bracket, but the current price is in the middle of the bracket, so its best for us to wait to test the extremes (highs or lows)
– The fast timeframe shows a sideways range, wedge pattern, and we are trading INSIDE the range from yesterday (inside day)
– We also see an opportunity on the 13range chart for a breaker short below 81.62 or a 2-step long above 82.30
– Slow timeframe shows a very interesting situation because we have a bullish channel, and inside that channel we see a sideways range
– The goal will be to sell the highs of the channel, buy the lows of the channel, and be careful not to get fooled into a fake-out breakout.
– The idea is that a breakout below this trading range of 1195 would be a great buying opportunity, or a breakout above 1210 would be a great selling opportunity.
– Seeing us in the MIDDLE of the channel on gold means we need to be careful on our scalping trades, and we need to wait a little longer for the day trades or position trades.
– On the fast timeframe we see a sideways wedge pattern and trading sluggishly around the 1200 big round number.
– We need to get a little farther away from this psychological level of 1200.
We have a very similar situation to gold today, with a bullish channel and a sideways trading range.
– We see a very high percentage day trade below the channel and below the sideways trading range below 1.3100
– We are concerned about the breakout to the upside because of the simple fact we will be in the middle of the channel.
– The dollar index futures are rising off the lows of the sideways range on the DX
– Dollar rising is going to show Euro and other futures market FALLING, so lets be ready!
– I will be looking for a short entry on the Euro with the dollar rising.
