EURUSD price action: candlestick tails betray Bull Bear struggle
EURUSD price action is showing tremendous volatility over a 16 pip range
This is evident from the very long candlestick tails that we can see in the 5-minute chart.
And if we zoom in to the 1-minute chart, the broadening chart pattern tells the same story.
If you are scalper of 1-minute charts, good luck! Because there is simply no clear movement and plenty of sudden reversals. For a 16-pip high to low range, this is a small piece of ground to die for many times over.
Reasons for such volatility?
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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