A meaningful trading upper range combined with consolidation backwards ratio of 1.66 enhanced the the possibility of touching 1.20 with a false breakout. It would be wise to trade the range with tight stop losses. A complex system that works is invariably found to have evolved from a more simple system that worked. A computer makes as many mistakes in one second as three men working for thirty years straight.
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.