EU Futures Long as smart money loads
Updated
Was in long earlier in the week but could see smart money was going to load at lower prices so closed with small profit and re-entered 20 pips lower at 1.0460. This chart also illustrates the importance of the Gann 2 day swing chart rule for predicting prices. As you can see the counter trend lower happened right on the 50% and now the rejection of the C-D move which indicates sign of strength.
Also keep in mind we have triple bottoms on the daily and weekly along with 2 months holding at the same low level indicating a sign of strength for now.
Also keep in mind we have triple bottoms on the daily and weekly along with 2 months holding at the same low level indicating a sign of strength for now.
Note
Bracket order at 1.0420 closed out long and triggered shorts at 1.0420. Expecting prices to fall to the 100% zone of 1.02535.Note
Take profit reached. On first trade lost 40 pips and second trade made 167 pips so netted 127 pips
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