Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedSorry, I think I just got what your question was after
It's the quality of the formation I am most concerned with.
How do I explain...
A narrow, clean trading range/channel is what I look for. Zoom out a timeframe or two and the good ones look like one bar channels or close to it anyway.
Here's an example of a bear flag on the 15 minute, expanded out to the hourly.
Notice there's is not really a strong "sharp" move down prior to it.
DislikedI have a hard time believing the DJ will trade up three days in a row, but maybe that's just because I forgot how that actually works. I wonder when was the last time we had three positive trading days in a row. Hmm.Ignored