21 January 2013

EUR/USD : Consolidating. Sit Still.

  • Weekly : Inverse SHS still good.
  • Daily : Seems like going to spend some time consolidating between 1.3250 and 1.3400 before the next push up.
  • Important now not to get chopped to pieces trying too hard while market goes sideways. Keep a small core long, and don't do anything more until we break out of the consolidation zone as drawn on the attached chart. When the time is not right, the time is not right; can't force it.

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