The euro got sold off after a fakey setup. The Fakey was as a result of price failure to close above the previous inside bars, leading to a false break and with the coupling effect of the resistance above which it could also just manage to touch, the bears took hold and sent it back down into support zone. I had mentioned that the pair looked to be constrained within a range in my previous commentary on it.
Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.
No comments:
Post a Comment