SLK STRATEGY
Ohh, it does not have to get there today. I will patiently wait for it. I trade more than one pair so i will definitely geta a pair that presents my setup.
Yea, EUR/USD crossing the 1.2000 mark is very rare. But like you said other pairs are there to trade.
A breakout to the downside. I marked it out on the chart, Pls go through the thread if you need more information.
You may be using the word "breakout" inappropriately here. My understanding of a breakout is that price must have been trading within a range, then it breaks past the range. In this case from your chart I saw that price rejected at a resistance zone and started falling so its confusing to say its a breakout.
You may be using the word "breakout" inappropriately here. My understanding of a breakout is that price must have been trading within a range, then it breaks past the range. In this case from your chart I saw that price rejected at a resistance zone and started falling so its confusing to say its a breakout.
I will drop my breakout explanation on this thread then