$EURUSD: Maybe some Day Trading Action

FX:EURUSD   Euro / U.S. Dollar
As I look at the recent movement on the $EURUSD we seem to be sandwiched between support & resistance . I still won't be convinced of any continued bullish action until we break and close above $1.1718's so for now I'll be looking for day trading opportunities to take advantage of our current consolidation.

As a trader I have no bias or care for whether the market goes up or down, I just want to be involved when it does. So as we open our live trading rooms today I'll be looking for selling opportunities at resistance and buying opportunities if we retrace back down to previous structure support .

It may look small on our price charts, but a range of over 250pips exists between the two levels of structure giving us plenty of opportunities for potential profits.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
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Trade active: Long @ 1.1506
Trade closed: stop reached
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hey anil,
thanks..so ur SL is around 1.1455?
I think you may have put this comment under the wrong chart. I'm Akil not Anil
+3 Reply
roadtogo Akil_Stokes
Hello Akil,

I mistyped:) and still waiting for you answer.. thanx
+1 Reply
+1 Reply
Akil_Stokes PrinceAbsent
You're welcome
so Akil, you didn't enter at 38.2 as you planned? you bought the outside return??
+1 Reply
Akil_Stokes juklangel11
I'm sorry but I'm not sure what you mean by "didn't enter at the 38.2 as I planned?"
juklangel11 Akil_Stokes
i meant the retracement that falls on that previous structure you highlighted ...you long at 1.15 area no?
+1 Reply
Akil_Stokes juklangel11
Yes I got long at 1.15's. I guess I'm confused about your question regarding the 38.2
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