Scrolling the charts in search of good set ups
has been a real challenge in the past two weeks with constantly declining
and currently reaching record lows volatility.
being the most liquid pair ,
EURUSD is on the front door of any activity picking up …
Taking closer look into the 8 hour chart ,
at first glance chaotic movement , proved to be an extraordinary trading opportunity,
yet not reached maturity.
Being part of a complex wave at present time,
this pair is not as attractive as AUDUSD
but traders who stay aware of the EURUSD set up and recognize the tipping point (1,2554)
have a great chance to make few hundred pips shorting it,
in a matter of a day or two after it triggers our order.