EUR/USD Beginner Level trading
Now looking like a sell again with rejection at pre-franky high
The market is just ranging, with no clear direction
Now looking like a sell again with rejection at pre-franky high
Looking at the chart, it's been chopping around in a pretty tight range since the early hours, especially after that Asia session move.
Looking at the chart, it's been chopping around in a pretty tight range since the early hours, especially after that Asia session move.
Yeah the market is indecisive, in such a case it is best to sit on your hands and do nothing.
Yeah the market is indecisive, in such a case it is best to sit on your hands and do nothing.
Forcing trades in low volatility, directionless conditions is one of the quickest ways to bleed your account through chop and fake outs.
Forcing trades in low volatility, directionless conditions is one of the quickest ways to bleed your account through chop and fake outs.
Better to wait for a clear breakout with volume or some catalyst that actually moves price decisively out of this range. Until then, patience is the highest probability play.