Still room for price to drop and revisit yesterday’s lows before we shoot for the moon.
Be careful
Be careful
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedStill room for price to drop and revisit yesterday’s lows before we shoot for the moon. Be carefulIgnored
Dislikedanyways the general story is this the usd has gained a lot of strength, stretching usdchf {image} a correction in usd will send eurusd to 1390, so going long at 1298 sl weekly pivot target 1390 {image}Ignored
Disliked{quote} big fundamental mistake found eurusd was supported by eurchf ; it was chf which dragged both eur and usd with it this means both eur and usd are weak ; eur is weaker than usd that it held the ground this means and this reasons why eurusd is stuck in a range and is not breaking out average range for the week is 120 pips and so far the range high to low is 44.7 pips which is 37.35% this means on Thursday or Friday a move is` due which can increase this range, either to the top or to the down side {image}Ignored
Disliked{quote} this means if the EUR news today is not able to do anything, then EURUSD will definitely drop on any strong USD newsIgnored
Disliked{quote} big fundamental mistake found eurusd was supported by eurchf ; it was chf which dragged both eur and usd with it this means both eur and usd are weak ; eur is weaker than usd that it held the ground this means and this reasons why eurusd is stuck in a range and is not breaking out average range for the week is 120 pips and so far the range high to low is 44.7 pips which is 37.35% this means on Thursday or Friday a move is` due which can increase this range, either to the top or to the down side {quote} this means if the EUR news today is...Ignored
DislikedFundamentals are a lot more complicated than that. News events are short term events yet the market has long term goals. Additionally the banks make their profits from accumulated market participants.... who may or may not have been influenced to trade based on news releases. Their participation can tilt their books and hence sometimes the market doesn’t go the way logic should dictate it should go. Besides... if trading the news was always profitable and reliable it would be extremely predictable. .... but it’s not.Ignored
DislikedFundamentals are a lot more complicated than that. News events are short term events yet the market has long term goals. Additionally the banks make their profits from accumulated market participants.... who may or may not have been influenced to trade based on news releases. Their participation can tilt their books and hence sometimes the market doesn’t go the way logic should dictate it should go. Besides... if trading the news was always profitable and reliable it would be extremely predictable. .... but it’s not.Ignored
Disliked{quote} this is why i gave the weekly range theory, a move is coming which will break this tight range, identify it n trade it if for 3 trading days of the week it has not gone up then it will drop n drop bigIgnored