Today this trendline broke really fast, while I was eating lunch. I thought the euro was probably going to bounce off this line, and so I had set my stops too high.
Oh well. To look on the brightside, I'm back to square one which means all I've lost is two days in the trader contest.
After such a rapid rise there should be a period of consolidation, but the longer term analysis is that the price should rise back up towards the orange trendline, with the first level of resistance at around 1.18 (…
Oh well. To look on the brightside, I'm back to square one which means all I've lost is two days in the trader contest.
After such a rapid rise there should be a period of consolidation, but the longer term analysis is that the price should rise back up towards the orange trendline, with the first level of resistance at around 1.18 (…