DislikedSorry but I think you should re-read my post:
First of all my "prediction" (which I do not belevie very much in, as stated) is not based on sentiment but on technicality (whatever that means) (see chart)
Secondly I said "If a daily candle closes above 1.2390 there is a good chance that prices will reach between 1.2520 and 1.2740. "
Thirdly I said: "Now, In what manner she will get there, honestly I do not have a clue."
Keep in mind that in the last four days she travelled around 340 pips in one direction.
And...Ignored
Considering I normally sell, I be doing ok especially since may sell of this year and last year, the only time was most frustrated was ranging periods especially june throught to end august last year and january throught to april this year, is interesting tho bro, normally after an extended period of ranging, generally is a decent break out, example, last years range above, June - August 2011 bo dropped approx from 1 4573 to 1 3120 this years range as above Feb - March 30th pa dropped 1 3000 to 1 2066, do maths bro nice pips
This drive from 2736 to 2131 is from the smallest of the 3 weekly ranges since end of march last year
So if history is to repeat Start preparing trade plans for starting september there is possibility this girl hasnt fininshed 2131 and 2400, Monday and or August Open may decide for us
I will do chart is might be help understand what am try ing to say
But you is right, try get "in" with least loss and keep it simple.
If you are new to Forex? Say Goodbye to your account!!