Last trade, Longs above 1.1514, Dead Stopped 1.1540, Target 1.1572 saw 1.1547 point reverse. Shorts then reversed to reported 1.1522 then break 1.1514. Shorts from 1.1514 saw 1.1451 lows and 5 pip break of reported Bottom at 1.1456. Bottom held all night until 5 pip break. Range held ALL night as mentioned AT 1.1447. Shorts profited on slight miss from last evening. Many many pips are earned here daily, how many I don’t count.
On site is Bio for interested as well as an article in development on market prices.
EUR/USD. Bottom 1.1344. Range break above 1.1493, Below 1.1309. Overbought sell point 1.1460, 1.1488, 1.1517. Strategy. Longs above 1.1402, Target 1.1460 then short reverse to 1.1431, 1.1417, 1.1402. Points on the way up, 1.1408, 1.1420, 1.1433, 1.1477,1.1460, 1.1517.
Shorts below 1.1401, Target 1.1372, watch for reversal long to 1.1401. Points on the way down, 1.1388, 1.1382, 1.1376, 1.1360, 1.1344 Bottom.
Brian Twomey Inside the Currency Market, btwomey.com
