EURO$ below all MA's, in the void. Next downside targets off the daily chart for support and resistance levels suggest about 80 more pips south. Two false Rb's on the MACD. Just thinking out loud here when the price action is above or below all the MA's and there is a Rb or Rt, should more weight be given to the next targets, in this case the s/r lines and let the price action dictate what to do??? Proceed with extra caution since these are counter trend trades anyway??? I'm standing aside for this pair.
$Yen at the bottom of the 1hr channel now but the 4hr is starting to open up a little and form its own channel. Going to be cautious with both pairs.
Let the market come to you...now where have we heard that before???
$Yen at the bottom of the 1hr channel now but the 4hr is starting to open up a little and form its own channel. Going to be cautious with both pairs.
Let the market come to you...now where have we heard that before???