Thursday, May 15, 2014

Euro Currency Futures Day Trading Strategy; Selling the retracements back to lows

Euro 16JJ Bar
I am watching the Euro get a nice retracement back to the cloud after a strong sell off on the way down.

We are currently in one sell zone and I am waiting for price to pull even farther back to sell more at 1.3746 and 1.3760.

If prices to continue higher, I will be looking to sell the BMT's at both 1.3779 and 1.3805.

The target for this trade will first be at the initial lows before the retracement at 1.3645 with the next trade as a runner on the way down with this selling pressure.

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