Ok, don’t say you didn’t invite me.
So what do we do when we are at a mean point??? This question is for everyone but FX.com.
Also look at the ATR, this becomes more important as we scale down in time.
Now could a miracle happen, might we close above, the mean by the end of this month, sure, and Nibiru could actually exist, but I don’t think so. So at least on the monthly we are parked right at the Mean.
Rinse and Repeat
Now it gets interesting, for me anyway, another feature is the ATR might be breaking above its chanel
So here is the 4hr, notice the ATR divergence
Well I guess my point is I agree with the following [quote=“FOREX.com, post:2, topic:112113”]
safe-haven assets like gold and the Japanese yen stand poised to resume their recent rallies when impending risk concerns inevitably return.
I am not a big Fib fan, but, the price action seems to indicate either a big retrace or a change in Trend.
The Ever Level Headed VIPER
This post is intended for educational purposes only, and should not be construed as investing or trading advice. If you follow any of these concepts you will lose some or all of your assets. This post is also not a solicitation for funds.