DislikedFor those of you trading the D1 chart and using multiple entries / multiple exits ME/ME , please post you AUDUSD and EURUSD charts. Explain what you see - where the trend started and what is the market condition today. You want to learn and trade with ME/ME, you need to do this work.Ignored
On EURUSD, I have lots of MN swing lines, which probably is the reason (apart from Trump) for PA to have long wicks, both on W1 and D1, with not much clear direction.
Yesterday, we had an inside bar and we may see breakout to the downside, but the risk is we have a resistance turn support very close at 1.0625 followed by BRN 1.06 which PA seemed to respect quite few times.
I wouldnt initiate any D1 trade on this pair today.
BTW, may I have question on support and resistance. I read many times somewhere that the more resistance gets tested the more likely it becomes to be broken (same with support). What is your view on this? You seem to give more weigh on resistance turn support.
Thank you,
Okoso