February 5, 2013
- in Uncategorized by schooloftrade
Euro Anchor Chart Prep
 |
| Euro Anchor Chart Prep |
We can see
the euro has tumbled out of its bullish price-channel and into a recent price-wedge
structure. We are currently trading in
the middle of the price-wedge so at this time we need to be patient and sit-on-hands
for the test of the lows, or the highs of this price-wedge.
the euro has tumbled out of its bullish price-channel and into a recent price-wedge
structure. We are currently trading in
the middle of the price-wedge so at this time we need to be patient and sit-on-hands
for the test of the lows, or the highs of this price-wedge.
You COULD
enter short using the Wave Set-Up as we get new lower-lows considering the market
personality is clearly bearish at this time (800am EST). Just remember that the high-percentage-trades
occur at the highs or the lows of any trading range, and this is not happening
at this time.
enter short using the Wave Set-Up as we get new lower-lows considering the market
personality is clearly bearish at this time (800am EST). Just remember that the high-percentage-trades
occur at the highs or the lows of any trading range, and this is not happening
at this time.
Our traders
in Europe session this morning had an easy InsideOut Set-up when the price-action
moved below, then above the PLOD from Monday at 1.3509 and now we sit-on-hands waiting
for another trading opportunity.
in Europe session this morning had an easy InsideOut Set-up when the price-action
moved below, then above the PLOD from Monday at 1.3509 and now we sit-on-hands waiting
for another trading opportunity.
We can see
symmetry support below us at 1.3450 which will make for an excellent buying
opportunity after a short term price-reversal.
symmetry support below us at 1.3450 which will make for an excellent buying
opportunity after a short term price-reversal.
Our day
trading plan for the euro this morning is to stay patient as we trade in the
middle of this new short term price-wedge and look for selling opportunities at
the highs of 1.3560 and buying opportunities at the lows of 1.3480 and 1.3450 support.
trading plan for the euro this morning is to stay patient as we trade in the
middle of this new short term price-wedge and look for selling opportunities at
the highs of 1.3560 and buying opportunities at the lows of 1.3480 and 1.3450 support.
