OffTheFloorTrader

A Big Move Coming?

CME:E61!   Euro Futures
This is a great lesson for those who want to get on a good trade. Look at the monthly chart. Not since 2001-2002 have we seen a nice wedge pattern like the current. But more importantly look how far price moved when it broke. We expect the same with this current pattern. You don't have to catch the break...rather drop down to a smaller time frame (Daily or 4 hour) and take trades IN THE DIRECTION of the break. DON'T fight the momentum. Keep a close eye on it.
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