Fakey Breaky Heart
Today's move was the reason we didn't trust the short side after after the euro moved back into the range. LESSON - When fake breakouts/breakdowns occur we usually see a day that has a monster move. The crowd that participated in the break are now stuck. They are forced to jump out of their trade which accelerates the move. Today was that move. We will watch the 1.08804 are. If it holds on a test we will look for a trigger and position for a break to the upside. REMEMBER: US has the jobs number Friday Morning and NO TRIGGER, NO TRADE
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.