March 13, 2013
- in Uncategorized by schooloftrade
Euro Chart Prep
| Euro Day trading |
The Euro is
moving in a wide sideways-trading-range on our anchor chart, which provides us
with excellent buying opportunity at support if price can test the 1.2692 level
or the 1.2069 level. We can also look
for selling opportunity at the resistance level of 1.3713. These support and resistance levels are a
decent amount of space away from us today, so we need to zoom in and look for
better clues to help us make profit TODAY.
moving in a wide sideways-trading-range on our anchor chart, which provides us
with excellent buying opportunity at support if price can test the 1.2692 level
or the 1.2069 level. We can also look
for selling opportunity at the resistance level of 1.3713. These support and resistance levels are a
decent amount of space away from us today, so we need to zoom in and look for
better clues to help us make profit TODAY.
| Euro Day Trading |
We look a
little closer and we can see the short term bear price-channel which tells us
that selling short is the high-percentage-trades this morning on euro. We will now look for entry signals SHORT on
our entry timeframes.
little closer and we can see the short term bear price-channel which tells us
that selling short is the high-percentage-trades this morning on euro. We will now look for entry signals SHORT on
our entry timeframes.
