Ambiguity at best...
I have been trying to figure if we going green next week, or we gunna go red and checking out the daily vs the weekly, I can only shrug my shoulders. At this point, most of my indicators if not neutral, definitely aren't in agreement for either direction.
I think our last FREAKY FRIDAY mucked up any chance of figuring out what might be true direction or if we going to see another week of flounder.
I am hoping for some sort of confirmation for what may be a longer term position, but am not seeing that in the cards for this week. With trend lines on the chart coming to a head @ about the 1.4390 line, I guess I will just have to wait for a GRAND break in one direction.
Supporting the shorts is letting the trend be your friend.
Supporting the longs is having held a critical support area.
I am not going to favor either side at this point, that'd be as smart and accurate as a coin toss, so for that matter, might well just play the smaller term trends as they present, and if we go to another flat chart, just sit and wait for a better play. Would rather be no trade, than in a trade Hoping for direction in my favor, me and Murphy don't play well together...
I have been trying to figure if we going green next week, or we gunna go red and checking out the daily vs the weekly, I can only shrug my shoulders. At this point, most of my indicators if not neutral, definitely aren't in agreement for either direction.
I think our last FREAKY FRIDAY mucked up any chance of figuring out what might be true direction or if we going to see another week of flounder.
I am hoping for some sort of confirmation for what may be a longer term position, but am not seeing that in the cards for this week. With trend lines on the chart coming to a head @ about the 1.4390 line, I guess I will just have to wait for a GRAND break in one direction.
Supporting the shorts is letting the trend be your friend.
Supporting the longs is having held a critical support area.
I am not going to favor either side at this point, that'd be as smart and accurate as a coin toss, so for that matter, might well just play the smaller term trends as they present, and if we go to another flat chart, just sit and wait for a better play. Would rather be no trade, than in a trade Hoping for direction in my favor, me and Murphy don't play well together...
Attached Image (click to enlarge)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
