Euro currency futures gives us an easy price reversal off major support

Hi Guys,

I took this trade with you all in our live trade room this morning on a much faster timeframe, but wanted to use this example as an excellent way to use multiple timeframes along with simple patterns and trade management to make some great profit on the Euro Currency Futures contract.

First, we used our slower timeframe, the 89range chart, to find a nice bear price channel, we are at the lows at 730am this morning with a sideways range formed at the lows.  easy to find the entry on a bear price channel, we are trained on that as members.

Then I move to the faster timeframe (in this case a 21range chart) for the precise entry pattern, along with trade management.

How do we trade a breakout of a price channel?  Wait for the break above (in this case for a long) the swing highs overhead, then buy the pullback and place your stop and targets at the previous swing highs and lows…and let ‘er run!

The Euro (6E) is a great market for any trader, new or experienced, and I find that our Wave Patterns are some of the best you can take!

Questions?  We have a training tomorrow for members @ 1130am EST so see you then!