March 6, 2013
- in Uncategorized by schooloftrade
Euro Chart Prep
 |
Euro Chart Prep |
We can see
the euro moving sideways in consolidation around the major support on the
anchor chart.
the euro moving sideways in consolidation around the major support on the
anchor chart.
 |
Euro Chart Prep |
The anchor chart tells us
the high-percentage-trades will be short, however, to get into a short position
we need to see new lower-lows below the recent swing-low on this anchor chart. We will then get short using our entry-trigger
on the entry chart and use the 1.2720 major support as our final profit-target.
the high-percentage-trades will be short, however, to get into a short position
we need to see new lower-lows below the recent swing-low on this anchor chart. We will then get short using our entry-trigger
on the entry chart and use the 1.2720 major support as our final profit-target.
Euro Entry Chart Prep |
The entry
chart shows us a completely different story, with 5 different set-ups telling
us to be buyers this morning. We can see
bullish set-ups in the price-channel, the price-wedge, the double-top and the InsideOut
Set-up and we’re waiting now for the sellers to fail so we can get long above
the PLOD 1.3012 and take our profit-target at the highs of the price-wedge and
leave a runner to the PHOD at 1.3076.
chart shows us a completely different story, with 5 different set-ups telling
us to be buyers this morning. We can see
bullish set-ups in the price-channel, the price-wedge, the double-top and the InsideOut
Set-up and we’re waiting now for the sellers to fail so we can get long above
the PLOD 1.3012 and take our profit-target at the highs of the price-wedge and
leave a runner to the PHOD at 1.3076.
