May 29, 2013
- in Uncategorized by schooloftrade
Euro Day Trading Strategy
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| Euro 5-Minute |
The Euro is currently trading sideways inside the bearish price reversal zone we’ve located on the 5-minute chart. We can see there is plenty of resistance overhead from the London Highs, Weekly Highs, and previous day highs. We will use all of this resistance to look for selling opportunities if this price can get back below the 2943. We have a profit target 2910 for the first part of the trade short, with a runner profit target at the lows around 2860 which is also the weekly opening price.
