April 1, 2013
- in Uncategorized by schooloftrade
Euro day trading plan
Euro day trading |
We can see
the Euro Currency Futures have been trading sideways the last few sessions, and
this morning we see new higher-highs and a broken price-wedge structure. This leads us to believe that we will either
collapse and move back into the price-wedge below us using the sell-zone as our
selling point for the short, OR we may keep going higher and try to move up
into the wide open space we can see above the sell-zone at 1.2899. If price-action keeps moving higher we will
have to sit-on-hands because there’s almost no open room for a buying
opportunity.
the Euro Currency Futures have been trading sideways the last few sessions, and
this morning we see new higher-highs and a broken price-wedge structure. This leads us to believe that we will either
collapse and move back into the price-wedge below us using the sell-zone as our
selling point for the short, OR we may keep going higher and try to move up
into the wide open space we can see above the sell-zone at 1.2899. If price-action keeps moving higher we will
have to sit-on-hands because there’s almost no open room for a buying
opportunity.
Buy Zones today are 1.2785-1.2778,
and 1.2770-1.2758
and 1.2770-1.2758
Sell-zones today are 1.2860, 1.2870,
1.2880 up to 1.2899. Additional resistance
levels are 1.2925 and 1.2965
1.2880 up to 1.2899. Additional resistance
levels are 1.2925 and 1.2965