October 31, 2012
- in Uncategorized by schooloftrade
Euro Currency Futures:
We are
coming off the lows of the major bull price-channel, this is a bullish
clue. We are also above the PHOD so this
is another bullish clue.
coming off the lows of the major bull price-channel, this is a bullish
clue. We are also above the PHOD so this
is another bullish clue.
We can see 2scenarios to prepare for this morning.
First, we will buy pullbacks using the wave-pattern-long as the price
pulls back from these new higher-highs.
Second, we may see the same pullback, but the wave-pattern-long may
fail, with the PHOD acting as a price magnet, and if we break below PHOD we are
now bearish will sell the failure from the buyers.
