Here is a short and quick update on the euro control bar which i had posted earlier. I had said that the ends of the bar were at 1.4225 at the top and the bottom was at 1.4150....Look at the updated hourly chart that i have posted. Look how price came back exactly to the low of the bar to test it and then went right back up. If you had entered close to the low, as i did, at around 4155, you could have easily made 150 pips by now. I took off 107 pips.
Even if you had missed the bottom of the bar, look at the top of the bar that has been marked. Look at the 15M chart that i have attached. Look how price broke the top, retested the top and went right back again. A trade that could have fetched 70 pips easily. All for a DD of less than 10 pips !! Amazing...Isnt it ?
Even if you had missed the bottom of the bar, look at the top of the bar that has been marked. Look at the 15M chart that i have attached. Look how price broke the top, retested the top and went right back again. A trade that could have fetched 70 pips easily. All for a DD of less than 10 pips !! Amazing...Isnt it ?
