The Chart of the Day

EUR/USD on a bearish tone

forex-chart-260705.jpg
 
The chart you posted on #44 was excellent, can you not keep them more like that?

The one above is a little busy.
 
reply to wwatson

Hello,

you are absolutely right and I know that maybe this is the worst-looking chart I have posted here. However, I had to explain some different reasonings and the only way to put that out so you could understand the full reasons behind my comments was doing it that way. It does not look great, but it has a great deal of clear information in it, since colors make things easy for identification. I am sorry that this one was so crowded with lines, but I just will be happy if you get the explanations on it clear.

Thank you.

Toni
FXstreet.com FX Advisor
Managing Director, The FXstreet FX Fund
 
Crack on

Ok, For my style of trading i would ignore the noise and focus on making trades around the black channel lines you have drawn, Very significant channel.

Keep it up, It's quality stuff :)
 
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