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22 May 2014
EUR/USD: Sidelined waiting for clues - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, is temporarily on the sidelines in EUR/USD, waiting for further price action clues to develop until making his next trading decision.
Key Quotes
"Today the pair formed a long tailed pin bar signal + false break, which is still teasing a bit."
"I'm going to stand aside on this one for now and let the price action develop around these levels before considering a long."
"It's still in a bear flag/consolidation at the lower end of the range, so until I see more bullish bias, I'll hold off for now as I don't believe in sitting in trades for 5 days in the negative for most of the time with no real upside shown."
Key Quotes
"Today the pair formed a long tailed pin bar signal + false break, which is still teasing a bit."
"I'm going to stand aside on this one for now and let the price action develop around these levels before considering a long."
"It's still in a bear flag/consolidation at the lower end of the range, so until I see more bullish bias, I'll hold off for now as I don't believe in sitting in trades for 5 days in the negative for most of the time with no real upside shown."