February 4, 2013
- in Uncategorized by schooloftrade
Euro Anchor Chart Prep
 |
| Euro Anchor Chart Prep |
We start
this morning with the euro and we can see the break to new lower-lows below the
PLOD, which tells us we have 2 easy opportunities to look for.
this morning with the euro and we can see the break to new lower-lows below the
PLOD, which tells us we have 2 easy opportunities to look for.
First, if price continues to move lower we
look for the Wave Set-Up short down to the major support levels below us for profit-target. Second, if price reverses and makes it back
above the PLOD we know to look for the InsideOut Set-up which will be buying
above the PLOD, and taking profit-target at the PHOD or the Midas Profit-target.
look for the Wave Set-Up short down to the major support levels below us for profit-target. Second, if price reverses and makes it back
above the PLOD we know to look for the InsideOut Set-up which will be buying
above the PLOD, and taking profit-target at the PHOD or the Midas Profit-target.
Our day
trading plan for the euro is quite simple this morning. We sell short with new lower-lows using the support
levels below us, along with the Midas Profit-Target to earn profits to the
downside. If the sellers fail we will
buy the price-reversal above the PLOD using the InsideOut Set-up.
trading plan for the euro is quite simple this morning. We sell short with new lower-lows using the support
levels below us, along with the Midas Profit-Target to earn profits to the
downside. If the sellers fail we will
buy the price-reversal above the PLOD using the InsideOut Set-up.
