the move up to 3 and down to 4 are both high momentum moves and this is characteristic of a range, so it is likely that test of the high will end as double top and even if there is breakout above the double top it will fail and it will begin ranging and therefore retest the low marked 4 i think this will happen because big directional moves are not a characteristic of eurusd 85 % of the time. if you see below left,the context to this move,the spike has started from below the channel or range, to above it. so it is very likely that after the test of high it will test the breakout of the spike above the range on the chart it has been ranging so there may be a gradual change into an uptrend but not an abrupt opne i put that 85% number to impress you...it may be 82 or 92 most traders are looking for big impulse moves because they wish it but the market and especially eurusd is not so charitable to oblige and the resulting mess that euro generally makes is to confuse and frustrate the trader, who just wants to earn his daily bread. euro is one nasty.
the market broke out, after ranging, which resulted in a lot of traders having interest there, mostly short i think. i think that because the market is now breaking out in a slow and sickly manner with big and deep pullbacks. this is to give the shorters hope that the market is weak and is therefore a pullback to the move down from 3. this is another trick euro plays....shorters will be adding shorts at fib numbers which the market will encourage.
closed trade see history for profit and closing rate; forgot to take screen shot before closing as I normally do
my queen has gone nuts....no clue what will happen next ... and guessing is never a good idea but since it is noon here so BEER IS ALWAYS A GOOD IDEA CHEERS QUEEN EURO AND TO ALL ETians
six hours activity....trading gambling or speculation or fun take your pick does not matter because there is money
long eurusd very risky trade..buying at top of range is normally a sell but think a sell is a trap...there is a trap here do not really know if it is long or short ….I think the volatile range movement is to confuse traders and keep them out of a powerful move coming and convince traders it is a range so sell high but I feel the move up from lows is a trend up the context is a range but the move up, stinks of a bear trap
would you like to give any advice about how despaired I am? would you like to show proof that you are actually trading and not just attacking traders here?