From the 1.3071 high on CPI news price action has been trapped in a consolidation range whipsawing above and below 1.3000. Be aware of these conditions where price is trapped in a range with lots of attacks and counter-attacks around an important psych level. Many systems will not cope with this and hence the lack of coherence in the price action.
Fortunately we are smart enough to know don't sell near support and we don't buy near resistance. As soon as I realised what was going on I quit for the day and got some extra sleep. Now feeling refreshed for the time when market conditions are favourable. RD
Fortunately we are smart enough to know don't sell near support and we don't buy near resistance. As soon as I realised what was going on I quit for the day and got some extra sleep. Now feeling refreshed for the time when market conditions are favourable. RD