we all agree that the euro is oversold
but the composite man has to do his work before letting price go to its normal state
price now is in the mark down phase and has to go through the accumulation phase
the size and duration of the mark down phase and the accumulation phase depends on fundamental events and on how much liquidity the composite man can accumulate
bottom line the euro is oversold so buy at a lower Bollinger Band 50 and close not sell at the upper Bollinger Band 50
use timeframe 15 minutes just because that is where the composite man look for money same as most retail traders (dumb money) do
stop loss must be very wide
but the composite man has to do his work before letting price go to its normal state
price now is in the mark down phase and has to go through the accumulation phase
the size and duration of the mark down phase and the accumulation phase depends on fundamental events and on how much liquidity the composite man can accumulate
bottom line the euro is oversold so buy at a lower Bollinger Band 50 and close not sell at the upper Bollinger Band 50
use timeframe 15 minutes just because that is where the composite man look for money same as most retail traders (dumb money) do
stop loss must be very wide