September 7, 2012
- in Uncategorized by schooloftrade
Morning euro Checklist:
Heat Map Review:
We are bullish on our heat map
Overnight Highs
& Lows:
& Lows:
We are above the overnight highs, we
are bullish
are bullish
Inside or Outside
Day?
Day?
Outside day, above the PHOD, this is
bullish
bullish
Find the price-structures:
· Trigger-zone is resistance overhead
· Price-wedge has resistance above us around
1.2900 and this is a spot to expect a price-reversal.
1.2900 and this is a spot to expect a price-reversal.
· Price-channel is bullish
Where will a
reversal be likely today?
reversal be likely today?
The price-reversal is likely around
the trigger-zone lows at 1.2780 and the trend line above it around 1.2834. if price keeps pushing higher we look for the
reversal at the overhead resistance.
the trigger-zone lows at 1.2780 and the trend line above it around 1.2834. if price keeps pushing higher we look for the
reversal at the overhead resistance.
What is our
trading plan for today?
trading plan for today?
Our
plan is to continue buying pullbacks with wave-pattern-long as soon as we break
and stay above 1.2780. We are suspicious
that this market has risen so fast that the buyers may soon begin to take profit
ahead of the weekend, so don’t be surprised if this price slows down into this resistance
and then falls off the highs.
plan is to continue buying pullbacks with wave-pattern-long as soon as we break
and stay above 1.2780. We are suspicious
that this market has risen so fast that the buyers may soon begin to take profit
ahead of the weekend, so don’t be surprised if this price slows down into this resistance
and then falls off the highs.
