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![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2018\/07\/Emini-bull-trend-reversal.jpg\" "\\"\\"")
<\/a><\/p>\nHere are several reasonable stop entry setups from yesterday. I sometimes also show limit order entries and entries on the close of bars. My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not in a position at the moment, these entries would be logical times for him to enter.<\/p>\n
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EURUSD Forex market trading strategies<\/h2>\n
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The EURUSD weekly Forex chart is turning up from a double bottom with the November 7 low. It has rallied for 3 weeks from a micro double bottom with the June 9 low. But, it has been in a tight trading range just below the 20 week EMA. This is therefore still a bear flag.<\/p>\n That high is the neck line of the double bottom. The bulls want a strong breakout above and then a 300 pip measured move up. However, the bears will try to form a double top bear flag with the June 26 high. They then want a break below the June 21 low and at least a 300 pip measured move down.<\/p>\n Since there are now 3 consecutive bull bars, the odds are that the weekly chart will continue up for at least another week or two. It should test resistance above. The bears need a bear bar for a sell signal bar. If they get is, they will have a credible Low 2 (micro double top) bear flag at the EMA. <\/p>\n If there are 3 – 5 bull bars before there is a bear bar, the bears will probably need at least a micro double top in addition to the double top before they can get a swing down. The odds favor another 100 pips up to test the resistance above.<\/p>\n When there are trading ranges on the 5 minute chart, the bears will sell for scalps. Until there is a credible top, the bears will only scalp. <\/p>\n Here are several reasonable stop entry setups for today. I sometimes also show limit order entries and entries on the close of bars. My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not in a position at the moment, these entries would be logical times for him to enter.<\/p>\n See the weekly update<\/a> for a discussion of the price action on the weekly candlestick chart and for what to expect going into next week.<\/p>\n Traders can see the end of the day bar-by-bar price action report by signing up<\/a> for free at BrooksPriceAction.com. I talk about the detailed S&P Emini futures price action real-time throughout the day in the BrooksPriceAction.com trading room<\/a>. We offer a 2 day free trial<\/a>.<\/p>\n<\/a><\/p>\n
\nThe EURUSD weekly Forex chart has rallied for 3 weeks from a double bottom and a micro double bottom. The odds are that the rally will continue to the resistance of the 20 week EMA and the June 26 high. <\/p>\nOvernight EURUSD Forex trading<\/h3>\n
\nThe EURUSD 5 minute Forex chart has rallied 60 pips overnight. June 14 was a big sell climax day on the daily chart. Its high is therefore a strong magnet above. The 3 week rally will probably continue at least up to that high over the next week or so. Therefore, the bulls will continue to buy selloffs for 30 – 50 pip legs up. <\/p>\n
\n<\/p>\nSummary of today’s S&P Emini futures price action and what to expect tomorrow<\/h2>\n
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\nThe Emini had a Small Pullback Bull Trend day today. Since it broke strongly above the 2 week trading range, it triggered the 60 minute head and shoulders bottom buy signal. There will likely be at least some follow-through buying early next week. However, if the bears can prevent a move above the May high, they will create a head and shoulders top on the daily chart.
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