Euro currency futures day trading strategy

The euro is trading at the lows of the major price wedge so
we naturally want to buy the lows, and we expect if price moves lower it will
start to stall and give us buying opportunities at the lows.

We are trading on top of the PLOD so below the PLOD the
sellers are in control and we want to sell retracements and when the price
moves above the PLOD we want to buy pullbacks.

If price moves back above the PLOD we will start buying
above 1.3295 as the sellers will have failed and the buyers take back
control.  The dollar index will need to
fall off the highs of the bull price channel for the price to rise on the euro.

If price on the dollar index rises higher, staying with its
trend, we will then see lower-lows on the euro. 
Normal conditions we will sell retracements with new lower-lows on the
euro below PLOD, however, today we have the price wedge lows so we are hesitant
to sell retracements at the lows of a price wedge.  We are going to need to see a LOT of selling
strength pushing new lows, and even then, I’m going to keep an eye out for the fake-out
breakout at the trigger-zone support around 1.3200 when the sellers stall and
the buyers pick it back up and move it back higher to the PLOD.

The 55 range euro shows us the bull price channel with trigger-zone
support below it.  We want to buy the
lows of this price channel and then buy the support levels, including the swing
lows and the trigger-zone support below the price channel lows.