This week was a great roller coaster ride!
Topping up at 1.4843, going as low as 1.4610 and ending around 1.4668.
Hope you had your proper money management turned on 😛
We all know that the Koala System does not fare well in ranging markets but it does help you to identify one and minimize wrong entries.
Danger zones are boxed in pink.
The last day Friday, is an extremely ranging day and hence Koala will not perform well.
For myself who prefers medium to long term trades, the best bet is to stay out.
Some of you may notice that certain boxes are good possible entries as the 3 lines are parallel.
However i will like to remind all that such quick spikes have a possibility to perform a quick reversal at times too and this will wipe your position out.
It is better to lose an opportunity than to lose your money.