See daily chart of EURUSD below for the discussion that follows.
EURUSD broke resistance this past week. This suggests (at least) a short term change in trend. I’m waiting to see if there is a retrace to support (prior resistance)… should this happen, I will be looking for longs if I get bullish confirmation in terms of price action / candlesticks (as per my strategy).
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.