I didn't update the EURUSD this week b/c it barely moved. It did end up breaking out of it's most recent range.
Closed right around resistance for the week and doesn't have much in the way overhead until about 1.38
The 240m did get a small 3d setup on the 24th. You can see on the faster time frame how a number of prior buying impulses kept fading. It was a challenging week if you were playing within that tight range.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.