the wrong side of trading the forex market
So there are always going to be people who get caught on the wrong side of trading the forex market, before a huge move (down in this case) and are just hoping for the price to get back to where it was before this large down move, so they can break even on their trade which will cause a natural S/R area. As far as which pairs to use, you really can’t go wrong with the standard 4, which is EUR/USD, USD/CHF, USD/JPY, GBP/USD. But it really depends on what you feel comfortable with. A pair like EUR/GBP isn’t a huge mover, but that may be something that fits with your trading personality. If you are feeling more adventurous, you can use GBP/JPY, as that is a BIG TIME mover.
