Today's been a day to stay out of the market, so far.
We had a new high overnight at 1.9651 and a potential entry short this morning in the mid 1.9620s. The picture looked like Friday where a break to a new high happened in the euro morning. I stayed out and yes, the price moved to a new high at 1.9661.
A new short on the following bar at 1.9620 was registered but again, it looked like the potential for a spike, again which happened on Friday. No short was taken and though not exactly a spike its definitely looking like a low as price has moved back above the EMA. A
new entry, this time long at 1.9635 is registered. I haven't taken this one either, I'll wait to see how all this shakes out before I enter one way or the other.
EDIT 1: 11.30am Tuesday. Monday had nothing -tiny range between 9661 to 9606 with entries as mentioned but not tradable. Today we've got an expanding triangle, lower low and higher high so far my nothing going on so far that applies. Range is now 1.9592-1.9672. Most recently we've had the high, a retrace to the EMA and making a move to the current high again. Still waiting to see how this'll shake out and get back to more traditional price action.
We had a new high overnight at 1.9651 and a potential entry short this morning in the mid 1.9620s. The picture looked like Friday where a break to a new high happened in the euro morning. I stayed out and yes, the price moved to a new high at 1.9661.
A new short on the following bar at 1.9620 was registered but again, it looked like the potential for a spike, again which happened on Friday. No short was taken and though not exactly a spike its definitely looking like a low as price has moved back above the EMA. A
new entry, this time long at 1.9635 is registered. I haven't taken this one either, I'll wait to see how all this shakes out before I enter one way or the other.
EDIT 1: 11.30am Tuesday. Monday had nothing -tiny range between 9661 to 9606 with entries as mentioned but not tradable. Today we've got an expanding triangle, lower low and higher high so far my nothing going on so far that applies. Range is now 1.9592-1.9672. Most recently we've had the high, a retrace to the EMA and making a move to the current high again. Still waiting to see how this'll shake out and get back to more traditional price action.