Tuesday, October 1, 2013

Euro Day trading strategy; SchoolOfTrade.com

Euro Anchor Chart
We open the Euro charts this morning and we see a bullish price-channel along with new higher-highs on the anchor chart.  We see 2 support zones below us at 3528 and 3491 which we will use for profit-targets for a counter-trend short below the cloud, and also for buying opportunities later in the session today or this week to buy the lows of the bullish price-channel.

Our plan today is to sell short counter-trend below the key support at 1.3549 and take a profit-target at the next support level at 3528.

Once we find ourselves at the lows of the bull price-channel we will then buy the lows of the price-channel, using the 3591 swing-high as our final profit-target.

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