July 29, 2013
- in Uncategorized by schooloftrade
Euro day trading strategy
 |
| Euro 240-Minute |
Euro 240-minute:
The Euro is
trading at the highs of the price-wedge on the slowest anchor chart we use this
morning. We can see price-action tested
the 3281 and we can assume that price-action will try to move lower off this resistance.
trading at the highs of the price-wedge on the slowest anchor chart we use this
morning. We can see price-action tested
the 3281 and we can assume that price-action will try to move lower off this resistance.
 |
| Euro 60-Minute |
Euro 60-minute:
We can see
the euro trading in a bullish price-channel and price-action has tried and
failed to break new higher-highs above the 1.3300 sell-zone. We now can see short-term trend is moving
LOWER this morning, so we want to sell short along with it and use the 3234 and
price-channel lows as the profit-target.
We will also look to buy the lows of the bull price-channel if/when we
get there.
the euro trading in a bullish price-channel and price-action has tried and
failed to break new higher-highs above the 1.3300 sell-zone. We now can see short-term trend is moving
LOWER this morning, so we want to sell short along with it and use the 3234 and
price-channel lows as the profit-target.
We will also look to buy the lows of the bull price-channel if/when we
get there.
 |
| Euro 5-Minute |
Euro Entry Timeframe:
We can see
the Euro is trading below the range from last Friday, and below the range from
the London trading Session overnight.
When combined with the anchor charts we know this market personality is
bearish and we will sell short because of this today.
the Euro is trading below the range from last Friday, and below the range from
the London trading Session overnight.
When combined with the anchor charts we know this market personality is
bearish and we will sell short because of this today.
