"1,4721. EUR USD is in a range between 1,4580 and 1,4760. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily is in a bullish configuration. 4H ForexStoch indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4760. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position.."
hi...
I'm a newbie, i read the above quote but couldn't understand on 'the risk/rewards is too high'..
What does it means..
Why they didn't take a position, is it because of moves or bollinger bands or other consideration..
hi...
I'm a newbie, i read the above quote but couldn't understand on 'the risk/rewards is too high'..
What does it means..
Why they didn't take a position, is it because of moves or bollinger bands or other consideration..