Disliked{quote} In my view, we're currently stuck between a supply and demand zone (red and green boxes on my chart, respectively). Until price action works its way through one of those zones, the "next leg" isn't at all clear.Everything seems a bit precarious to me right now. Between Russia's issues, oil, Europe's slowing growth, and China's too... I admit, I trade very poorly in these sorts of environments where there is no clear trend. My advice would be to stay extra vigilant and don't take unneeded risks. It looks like I'm going to be closing out another...Ignored
You won't make much, but it's certainly better than nothing. It's also rare that FX-Ray's decision points get more choppy & less accurate; they're usually on the mark. I mean, today he predicted a new low on the EUR/USD of 1.2345, and the price bounced on that exact price down to the last pip (it did touch a bit lower after the bounce, but it was still very close). I still use his DP as a reference point for my own key points.
I've all but given up on predicting actual trend right now; I'm just focusing the recent support/resistance and the direction they take after that. The FOMC press conference turned out to be disappointing, with no clear direction thanks to the incessant mumbling and parroting of Yellen.
Honestly, i had expected the start of an upwards movement back to 189, but no-we're stuck at 185.