ED1! trade ideas
Euro This is starting to come up on targets. (first target) the second target comes iin much lower. Were trend traders so were shorting rallies at key levels until it doesnt work anymore..but usually at targets you get a bigger bounce that fools people into thinking a serious low is in. SO were watching key levels on any bounces and we will short them again until it just doesnt work anymore
6E analysis6E has completed a >50% correction from its previous swing low and one would expect a impulsive wave to the upside to follow this corrective wave. Entry will be on the 4 hourly chart, when the EMA's and the MACD have turned bullish, and then retests a previous resistance turned support level. Always be buying below the market.
Euro Futures ShortLooking for re-entry on previously tested supply zone. Since it's been previously tested I've set an activation rule at 1.11130, so I will enter the trade as I leave the zone. Conservative target and a runaway target farther out because closer demand was completely blown through before price turned in its favor.
Entry: 1.11100 (Activation @ 1.11130)
Stop: 1.11220
Target 1: 1.10495 (R:R=4.8)
Target 2: 1.09800 (R:R=10.4)