Im watching the Euro & Dollar setting up right now… Review from SchoolOfTrade.com

We had another great day trading futures contracts in our live trade room.  Congratulations to the members who made money today!

I just opened my day trading charts and found the dollar index futures at its highs, so the DX-Pattern is setting up!

Lets look at the dollar index first…

Im seeing a lot of support on the dollar across multiple timeframes, so our best option will be to play to the long side.

we have the previous day’s high of day @ 87.040 up to 87.100 for a level above us.

My entry trigger will be above 87.100 on the Dollar Futures

an agressive entry would be the opposite direction, tradinig into the trigger lines on my medium timeframes, and looking to drop down to 86.750 where we have a welcoming cluster of support.

Agressive trigger below 86.885, and look support at 845 and 830

Lets look at the euro futures contacts…