EURAUD: STAY ALERT
Updated
EURAUD could be moving into a strike zone on the 3D and 1D. I'm not saying that you trade this time frame.
The point is there could be nice volatility in the strike zone on lower time frames (long or short). Price 'nervousness' tends to happen in these zones. True traders feed on volatility.
The trend is overall for the upside on this 3D time frame. Massive spikes like that seen in March 2020, normally follow a rejection. But that is not uncommonly followed by rebellion back into the trend direction.
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
The point is there could be nice volatility in the strike zone on lower time frames (long or short). Price 'nervousness' tends to happen in these zones. True traders feed on volatility.
The trend is overall for the upside on this 3D time frame. Massive spikes like that seen in March 2020, normally follow a rejection. But that is not uncommonly followed by rebellion back into the trend direction.
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Note
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Movement! Note
Spot the R:R ratio on 1H Note
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