December 4, 2012
- in Uncategorized by schooloftrade
Euro Currency Futures day trading plan
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| Euro Currency Futures day trading plan |
The euro is
moving higher this morning into the major resistance overhead at the highs of
the price-wedge and the major swing-highs we see on this 89range chart.
moving higher this morning into the major resistance overhead at the highs of
the price-wedge and the major swing-highs we see on this 89range chart.
Our day
trading plan for the euro this morning is to sell the highs at this resistance and
we are waiting for the price-reversal to occur first. We need to speed to slow down, the momentum
to become overbought, and then see fewer buyers on the tape so we know the price-reversal
is coming.
trading plan for the euro this morning is to sell the highs at this resistance and
we are waiting for the price-reversal to occur first. We need to speed to slow down, the momentum
to become overbought, and then see fewer buyers on the tape so we know the price-reversal
is coming.
As price rises
we are staying patient not to buy into the highs. As price falls we are selling short off the
highs.
we are staying patient not to buy into the highs. As price falls we are selling short off the
highs.
