Take a look at the daily on the eur/usd, it has touched strong resistance four times now. Eventually, price will have to either retrace or breakthrough that level. The overall trend is still showing a short of some kind . . . but for how long. Maybe we'll just consolidate for a while.
Good luck tomorrow![/quote]
Hey scott
Yes, Eur/usd is at an interesting point. I trade daily, but really the daily is guided by the weekly, and the weekly by the monthly.
It's even clearer if you look at the weekly, 2 high wave candles followed by 2 hammers.
So, the price has stopped going down, but it's not going up.
It will have to tip it's hand sooner or later, but for me, it's a waiting game at the moment. Price action will show the way.
Yes, only on demo for this method, live for my main method.
Lets hope tomorrow is better, think you did well to keep out today !
Good luck tomorrow![/quote]
Hey scott
Yes, Eur/usd is at an interesting point. I trade daily, but really the daily is guided by the weekly, and the weekly by the monthly.
It's even clearer if you look at the weekly, 2 high wave candles followed by 2 hammers.
So, the price has stopped going down, but it's not going up.
It will have to tip it's hand sooner or later, but for me, it's a waiting game at the moment. Price action will show the way.
Yes, only on demo for this method, live for my main method.
Lets hope tomorrow is better, think you did well to keep out today !