Wednesday, May 21, 2014

Euro Currency Futures Day Trading Strategy; Sell the WAVE short

Euro 6JJ Bar
I am watching the Euro tumble down from its highs below the BMT's and lower on a 456 continuation pattern.

I am waiting for price to get back to 1.3687-1.3695 to sell it short right back down. If it goes higher we can also sell 1.3707-1.3722.

I will be targeting the initial swing first down at 1.3651 as well as the extended target farther down at 1.3607.

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