Thursday, May 22, 2014

Euro Currency Futures Day Trading Strategy; Selling the supplied highs

Euro 12JJ Bar
I am watching the Euro continue to make new lows and keep pushing farther down with this bearish strength.

I am waiting for price to catch a bit of a profit taking rally up to 1.3797 and 1.3860 to sell it right back down again.

The targets on the way back down will first be at the BMT's around 1.3735 with the overall target back at the lows of 1.3633-1.3590.

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