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 4H Update* Sitting in this long it could be a gamble but with the US government shut down till most likely after Nov 1 I think we will be okay. Lets see how its looking today.
EURUSD EURUSD Update (Educational): The first support level around 1.15800 has shown a strong reaction, highlighting how support areas can guide market structure. Price is now moving toward the 1.16200 resistance zone — a good example of how identifying key levels helps understand market movement. #EURUSD #Forex #TechnicalAnalysis #SupportAndResistance #MarketEducation
EURUSD well fellas, I closed some positions last night. the profits did not out weigh the smack talk. let's see if we stay in a small range today ahead of cpi, or if we have a big move today and catch everyone off guard.
EURUSD Well, it certainly does look as though yesterday's bullish 4hr candle (14:00 GMT/09:00 EST) was a bull trap, as predicted. We're again, respecting a descending channel from yesterday's 4hr bullish. Looks like we're going to continue down to support a 1.1555 zone.