Mr.Canberra
Arch-Supremacy Member
- Joined
- May 22, 2014
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EURO-DOLLAR: Picks up demand that allows rate to...
Reverse head and shoulders formation on M1 and M15 Chart.
As previously mentioned price may prata soon once New York session starts. My stucked positions from last week are slowly recovering.
No matter how volatile the Forex market is, a 2% move is already considered very drastic and some sort of physcological barrier will naturally appear. Stocks and bonds can go to zero but not Forex. It will always return to pivot points in due course. This is why I dare to play NO STOP LOSS for Forex after intensive experimentation and training with own money.
EURO-DOLLAR: Picks up demand that allows rate to push back above $1.1900, from around $1.1883, the rate also extending its recovery off earlier lows of $1.1868. Rate currently trades around $1.190 at posting. Traders report a dollar index seller hitting the market at the US open, with Usd/Jpy also pressed lower while cable seen extending its recovery.
Reverse head and shoulders formation on M1 and M15 Chart.

As previously mentioned price may prata soon once New York session starts. My stucked positions from last week are slowly recovering.
No matter how volatile the Forex market is, a 2% move is already considered very drastic and some sort of physcological barrier will naturally appear. Stocks and bonds can go to zero but not Forex. It will always return to pivot points in due course. This is why I dare to play NO STOP LOSS for Forex after intensive experimentation and training with own money.
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