Breakout failure on monthly
Euro bullish breakout failed.
You do not see it on EURUSD chart.
I repeat EURUSD chart does not reflect the right value of EURO.
By rules of "New Science of Technical Analysis" when you see such rejection candle you EXIT breakout trade. Do not be fooled by cosmic longs of trading "experts" who do not even know who is Tom DeMark.
In addition, other DM breakout qualifiers (i.e. slingshot - price has to be oversold or overbought) missing as well.
And Demark breakout projection in this case is also small (March failed breakout candle completed DM projection:). There is no way price would go higher than the March candle or last 7 months highs.
You do not see it on EURUSD chart.
I repeat EURUSD chart does not reflect the right value of EURO.
By rules of "New Science of Technical Analysis" when you see such rejection candle you EXIT breakout trade. Do not be fooled by cosmic longs of trading "experts" who do not even know who is Tom DeMark.
In addition, other DM breakout qualifiers (i.e. slingshot - price has to be oversold or overbought) missing as well.
And Demark breakout projection in this case is also small (March failed breakout candle completed DM projection:). There is no way price would go higher than the March candle or last 7 months highs.
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