Dislikedearlier today i was confused about the rythym and movement of the eur/usd, but then i noticed that this area was prone to congestion, maybe it will give someone else the "ah ha" that it gave me.Ignored
Yes it sure did give me that "ah ha" moment! Good observation. When I saw your post it explained why I was having some difficulty in these areas. There is approx. 500 pip channel currently on the chart, therefore lots of trading opportunities. Sometimes focus too much on the current price action without zooming out further to see the big picture. For instance, in the current market the 89/200SMA are not as firm as they were last year when the E/U was in a strong uptrend. So now, they are prone to be broken more easily. Just in the past week price moved above and below the 365EMA, 89SMA, and 200SMA 5 times.