Wednesday, August 24, 2016

Price Action Trading The Euro Currency Futures Range Breakout;

We opened up today to find that the Euro has been getting slammed all night in a very nice bear trend and even had enough strength to break through the huge 1.3000 big round number we were talking about in the newsletter last night!

This aggressive breakdown under both the range and the BRN is a bit too heavy to sell right away so we opt to wait for a pullback -- no sense in selling low! This gave us a gorgeous bounce off the EMA for a secondary drive right back down once again.

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