OffTheFloorTrader
Short

Fakey Breaky...what?

CME:E61!   Euro Futures
The Euro             is back under major resistance...was this a fake break out? We are watching closely and looking for opportunities to the short side. if the bulls rally and take out the most recent highs then the squeeze will be on and Euro             bears will be jumping off the ship. We want to see a test of the major resistance and sellers to step in. NO TRIGGER, NO TRADE!
looks like it boucned down from 1 year mean (264 days) and now failing the breakout overall... (failed below 1st st deviation from quarterly (66-day mean)) - just dropping my 5 cents - I agree that the breakout was a fake - but it was a HUGE fake!!!=)

snapshot
Reply
Thanks Killy Mel...we are not very familiar with your indicator but it looks like a reversion to the mean. Currently trading down this morning to 1.123 area...fake is definitely confirmed.
+1 Reply
Killy_Mel OffTheFloorTrader
exactly - it is a mean revertion... indicator is bollinger bands=)
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out