Disliked{quote} If you look closely, you will see that the euro pairs are in a downtrend. At this moment, they are merely consolidating. As far as the E/U pair goes, it is pretty hard to predict, because it mostly moves with fundamentals being announced and what's more, it is closely being monitored by the ECB and the FED. My advice to you is to look for PA on other pairs. In this particular case, just eye-balling it, it would seem it's stuck in a range - no more lower lows, price is being held at the 1.3160 level. I guess one could scalp it off a lower...Ignored
I see your point and understand it. Case was that I was "trading/scalping" the pair for a couple of months but with hard any luck.
Since I am back at TMS I also look at other pairs, which are: EURAUD / EURJPY / USDJPY / GOLD.
Is there a pair or pairs which you can recommend for PA studies?
I did had a trade in EURUSD which hit my 5 pip take profit hahah! The fool I am for trying.