Tuesday, May 6, 2014

Euro Currency Futures Day Trading Strategy; Selling supplied highs

Euro 60-Minute
The Euro has caught a big block of buying up into supply zone highs from 1.3927 - 1.3947 as well as 1.3952 - 1.3966. I am looking to sell this market down from here for a bit of a correction back to revisit the wedge highs down around 1.3880 and possibly lower to the BMT sitting at 1.3855. We have yet to have any selling pressure come in so we are expecting a pullback to those areas soon out of supply.

The Euro has yet to fire off a signal for us to hop in on the market and it seems the price action is VERY slow at the moment. I will be looking to take a WAVE Pattern Short from the highs for either an Inside Out Pattern Short or just a plain WAVE Pattern. Don't forget to check in to our trial to see these trades happen live!

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