October 8, 2013
- in Uncategorized by schooloftrade
Euro Day trading strategy; SchoolOfTrade.com
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| Euro Anchor Chart |
Euro Futures are trading at the PHOD this morning after
trading in a very narrow range on Monday and finishing the day inside the range
from last Friday. These narrow trading-ranges
and inside days suggest that SOMETHING may be coming today or tomorrow. We expect to see a breakout trading-range today
after we get the buyers or sellers to take control.
trading in a very narrow range on Monday and finishing the day inside the range
from last Friday. These narrow trading-ranges
and inside days suggest that SOMETHING may be coming today or tomorrow. We expect to see a breakout trading-range today
after we get the buyers or sellers to take control.
The anchor chart of the euro shows us higher-highs and higher-lows
along with a strong bullish trend price-channel that tells us our desire to buy
this morning is warranted. All we need
now is to see price-action close above the PHOD at 1.3588 on the VIP chart and
we are buying pullbacks with the wave-pattern-long.
along with a strong bullish trend price-channel that tells us our desire to buy
this morning is warranted. All we need
now is to see price-action close above the PHOD at 1.3588 on the VIP chart and
we are buying pullbacks with the wave-pattern-long.
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| Euro Set Up Chart |
The euro set-up chart shows us more bullish market sentiment with
higher-lows and hopefully soon to be higher-highs. We can see resistance overhead at 3595 so we
need to beware trying to force the buying opportunities into this resistance zone
above us.
higher-lows and hopefully soon to be higher-highs. We can see resistance overhead at 3595 so we
need to beware trying to force the buying opportunities into this resistance zone
above us.
