We are witnessing a record of no volatility in the most traded pair. $EURUSD is feeling tired and want to go home. Home is 1.15 Failed to break upwards, low volume on the downside suggest DISTRIBUTION. Get out! Get Out NOW!!! Leave me a comment and tell your friends about me
Attention, a consolidation range is reaching its tipping point. Two thirds of the range already consumed. Meaning a breakout should happen soon. Which side? well my guess is up.
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...