which is brief. However, longer the trading range lasts, the more neutral it becomes. However, if the bull breakout reverses down after a day or two, there would be a parabolic wedge lower high. Because it follows a 4 day rally, the breakout is more likely to. That is a long time for this tight of a range.
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If they get one, it would be a sell signal bar for a parabolic wedge rally. EUR/USD Chart, the, eUR/USD daily Forex chart has consecutive inside days after a modest 3 day bull trend reversal. They would then sell, looking for a week or two down. Therefore, traders expect a breakout this week. The daily chart has been in a trading range for 6 months. Since a breakout up or down will probably reverse within a few days, day traders will have a hard time making more than 20 40 pips on the breakout. August reversed up strongly after a strong breakout below the range. Up is more likely than down. Furthermore, the weekly and monthly charts are bullish. But, traders make more money betting on reversals than on breakouts until there is a clear strong breakout. Overnight EUR/USD Forex trading, the EUR/USD 5 minute Forex chart has been in a 40 pip range for 4 days.
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