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EURUSD – Range Continues to Profit (4hr chart)
For the last week or two we’ve been talking about ‘playing the range’ by selling at resistance around 1.1420/40 and buying off 1.1270. As you can see from the chart below, last week both sides of the range would have played out for some nice +2R or better trades within a day or so.
This just goes to show (once again) good trades do not take long to play out. Only when you have a bad entry, SL or TP do trades and solid profit take a lot of time to play out.
For now the mantra is the same until it breaks. If the upper side breaks, look to sell again …... Keep reading