Rare Sighting; Crab on Euro
Rarely do I see these patterns, let alone trade them.
The Euro has broken some major support levels and trendlines. Whether it's a false break or not, we'll have to wait and see.
Judging from the tick volume I use in Metatrader, there hasn't been any indication of large amounts of demand entering the market, which is why I'm not too excited about this pattern.
I'm expecting a pullback of some sort, as most markets do, and volume to provide an indication of whether the Euro will continue to roll over to catch a bid.
The Euro has broken some major support levels and trendlines. Whether it's a false break or not, we'll have to wait and see.
Judging from the tick volume I use in Metatrader, there hasn't been any indication of large amounts of demand entering the market, which is why I'm not too excited about this pattern.
I'm expecting a pullback of some sort, as most markets do, and volume to provide an indication of whether the Euro will continue to roll over to catch a bid.
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