Well, interesting day. 1 false breakout and 3 false breakdowns.
Not a particularly good day for trading really, to say the least. It's interesting that the market has been ranging - it refused to reach 1.49 but didn't break the 1.48 by much either.
We've got a doji touching around the 1.486 resistance mark on the daily chart, so I'll be watching monday for a drop lower as it could signal a retracement/reversal, or a break higher for a continuation of the daily uptrend.But to be honest, the way the market is behaving at the moment is a bit of a mystery to me - I'm just going to have to take each day as it comes, and act when the price signals something.
Wow Joe. It's been a while since I looked at a Blogger blog. Nicely customised I must say.
ReplyDeleteAs for the content - bit over my head! You'll have to explain to me one day over a beer or two but I understand the "one day at a time" approach.
Speak soon.