Wednesday, May 14, 2014

Euro Currency Futures Day Trading Strategy; Selling the continuing selling pressure

Euro 16JJ Bar
I am watching the Euro fall off aggressively from the highs with a TON of selling pressure coming in.

I am waiting for price to come back to 1.3729, 1.3735, and 1.3740 to sell it right back down again.

If it does break above 1.3773 I will be looking to sell buy up to the BMT at 1.3832 where I will then look to sell again back down.

I will be targeting back at the lows initially around 1.3690's with the final target as a runner as far as it will go down as there isn't much more support underneath us.

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