Range tightening, clumping moving averages, and extremely choppy.
It looks like this pair is like USDSEK; low liquidity and plenty of chop which means fake outs will probably stop us out before it actually moves. This means that we will probably break even on the downside breakout but if it goes to the upside we have potential for proper gains.
Hi, this is my first post here, so it might happen that you will find it bs...
I was just takin' a quick look at all the possible pairs I am allowed to trade and I came across this one. Found it interesting. Tell me what you think...
On the daily chart it looks like it could go up but I don't know what to make of that huge shadow.
