April 1, 2013

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.

Buy Zones today are 1.2785-1.2778,
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

    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: