I love these strong moves. EURAUD has really gone on a crazy up swing with a lot of power - Bias Buy
However the string will be too tense and I expect a rebound back down on the M5 chart so I will look for trading opps. both ways.
One of my favourite trading Books is
"Reminiscences of a stock operator by Edwin Lefevre"
One phase I love is " A stock ought to do what a stock ought to do " meaning if the volume increases, the stock should go up in price.
I use this idea in Forex trading. " The swing ought to do what the swing ought to do " meaning if the string holding the move is tensed to far, it should force the pair to pull back "
Just my opinion which may just be a load of dog manure.
