EURUSD - Euro A Clear Short Sale at 1.1320 target 1.0830

The "Time at Mode Methodology" is a trend-following and range-trading technique which is allowing a low-risk trade setup at the 113-114 area for entry. I chose 1.13211 for entry based on more than 20 days of supply at that level from the decline in the 1st quarter. It is entirely possible the trade doesn't allow us to enter since I think there are so many sellers at that level that it won't get there, but this is an ideal entry level at 1.13211 that I am showing you.

The uptrend might very well tire out and expire up here and return to the mode level down below at the 1.08 level. I am setting my ideal "cover" level just above that level since the chart is showing you that there are a lot of buyers at that level.

Time will tell.

Tim
Saturday, May 2, 2015 6:53PM Watching the "Kentucky Derby" - Congrats "American Pharaoh"!!