On Friday EURUSD was ranging with clear signs of compression. The breakout seemed imminent but half of my systems were signalling sell while the other half pointed to buy. I leaned into the long side and when price popped and went higher it felt like the right call.
However the two sell signals never flipped. At first I assumed a programming issue on my end but then price reversed sharply and continued lower marking a significant potential regime change in the process.
Long story short, I'll treat conflicting signals with extra caution as they often precede exactly this kind of false breakout and reversal...
However the two sell signals never flipped. At first I assumed a programming issue on my end but then price reversed sharply and continued lower marking a significant potential regime change in the process.
Long story short, I'll treat conflicting signals with extra caution as they often precede exactly this kind of false breakout and reversal...
while the objective is profit, the job description is risk management