{quote} yea have done nothing since Monday
Avoiding even scalping. I might become too risk averse but that's my plan for now. Looking down to support, lets see if we get a bounce up if it gets there - 1579
{quote} Me too!
{quote} I believe we are getting something now but Ill have to wait for the market to close except 1 and 4 hours candles that will also need a confirmation and we are near the London close, to get a shorter timeframe image of what's going on. Then confirmation like an engulfing candle after a retest or a pinbar will show the way. Sitting on my hands for now!
The EUR/USD stayed in a consolidation range between 1.1608 and 1.1571 after it broke 1.1579 support yesterday. The chart shows indecision between timeframes, and it's unsure where price is going to travel next, so more confirmation is required from price action. In case the pair moves on the upside, 1.1625 and 1.1656 should come to the bulls' view, but if the move continues to the downside, then 1.1563 and 1.1556/40 support levels are the next targets. Daily volatility (range) 45 pips Have a great day!
{quote} i am trying some scalp long sl just below 1560 to see
Monitoring on the 1 hour or 30 min. timeframe for a bearish rejection of 1.1571 as price moved below. Taking my time here. I want to see a good close below for confirmation. Seems bears are taking control!
{quote} yea it does look like bear in control! we will start to get significant news from today which is expected to move the market! Let see
{quote} A trader should always check what's is happening from higher TF (1D Tf then 4hrs then your entry TF should be 30 - 15mins TF ( look for potential opportunities in-line with the higher TF, if bearish look for sells & viceversa), its just like zooming in with a microscope what you couldn't see on higher tf
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