Recent market action

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From M1 stand point of view I haven’t found any valuable plays in recent market action, especially in EURUSD. Yesterday I wanted to go long in USDCAD with approx. 5R target, but I have cancelled the position. The reason was simple: it didn’t do just before the break what I wanted to see and after it got back to a breaking level I wasn’t near the computer to trade. Welll…

 

Anyway, at the moment I am waiting on the sidelines and as long as we are going to see ranges of 60pips there is no point for me to trade. Later today we broke above 3375 on H1 so let’s see where we get from there. Major resistance ahead is 3425 and major support 3300. Anything between that is just noise for me at the moment.

 

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