Euro day trading plan
We can see the major bearish price-channel and symmetry support at 1.2895 which will be an excellent profit-target for short-sellers. This bear price-channel tells us to sell the highs as resistance for the high-percentage-trades. Keep an eye on the resistance levels above us because if price-action moves higher we will look for selling opportunities at the price-channel highs, and the resistance levels of 1.3069 and 1.3135.
We can see the euro has already triggered the InsideOut Set-up to get long earlier in the trading session, and now we’re buying pullbacks using our entry triggers to get into new positions or add to our open position with a profit-target at the trend line overhead in the short term, and the longer term trend line up around 1.3016. If we can stay patient, and if this morning price-action doesn’t put us to sleep after 11am EST we will try to hold our long trades all the way up to the ‘HERO TARGET’ at 1.3066