Friday, May 16, 2014

Euro Currency Futures Day Trading Strategy; Selling the profit taking rally

Euro 8JJ Bar
I am currently watching the Euro bounce a bit higher after the big sell off and it is nearing the BMT's and is in the cloud.

I am waiting for price to come up to 1.3721, 1.3726 and if possible, 1.3735 to sell it right back down to new lows.

I will be targeting the initial low first at 1.3684 as the first target with the runner target all the way back at the lows of 1.3645 and potentially lower.

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