tradingformoney
Short

E61! Short, daytrade or possible swing trade setting up with 3:1

CME:6E1!   EURO FX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
14 views
0
I would like to point out a resistance/support range trade that i do often once i can see a market take out a key level and then watch for the market to retrace. As in this case the euro is on the down side so there fore i am looking for resistance test backs. Meaning bounces off of resistance and sharply getting out at the nearest support line.

By placing a stop at 1.3603 ( above the high places on 6/10/14, also it is above the tenkan)

Set a entry order at 1.3583 (just below the lows of 5/28/14, 5/29/14, 6/2/14, 6/3/14)

Target the 1.3524 price ( which is slightly above the lows of the following days which are 6/11/14, 6/13/14)

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out