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Sniper attack on Brent Crude

It’s been a busy week for some traders. The following is a perfect kill with two shots to the ‘head’. The sceptical will argue that this is luck. But the topic of luck and chance will be explored further in another post coming soon. What is not shown in the 4H chart is the daily situation with Oil. See below, where snipers were watching carefully a powerful zone of horizontal resistance on the daily charts. UsingRead More

EURUSD – learning from reflection

Hindsight is a wonderful thing. We can learn lessons but in doing so there is a risk of the coulda-shoulda-woulda phenomenon. The following charts show some interesting features in EURUSD. Any lessons there should be applied cautiously.