EURUSD I'm watching the lower time frames and this is why many indicators will have you deliberately lose money. The MACD, for example, is clearly showing overbought, divergence and yet it's pumping up and up. I would never use the MACD. It's really a tool that helps Big Money fleece retail. An incredibly deceptive indicator. Stay away from it.
EURUSD (Educational) is exhibiting a steady upward bias as market participants position cautiously before major U.S. economic data. The pair is holding firm above short-term support near 1.1570, indicating underlying demand
EURUSD This here, is another classic example of people having 'trading paralysis'. Clear descending channel - lower highs and lower lows. 'The Trend is your friend' and they get in on a short and BOOM it goes the other way. Trading, really, is just a game of chance. It's gambling, most of the time. Hoping that it's going to continue in its direction whether up or down. Sometimes you're right but most times you'll be wrong - hence why when you do decide to trade, you should always aim to make 3x more than you're stop loss value. You can lose 70% of the time but your risk reward will see you keep in profit.
EURUSD I'm watching the lower time frames and this is why many indicators will have you deliberately lose money. The MACD, for example, is clearly showing overbought, divergence and yet it's pumping up and up. I would never use the MACD. It's really a tool that helps Big Money fleece retail. An incredibly deceptive indicator. Stay away from it.
