The downfall on EURUSD continues.
That shows us how much easier it is to trade in the direction of the trend rather than against it.
Today, it is very likely to see a breakout of 1,1200 and price reaching 1,1190.
Those are support levels from June, 2020.
As every day goes by, there's a higher chance for a retracement.
That's why those short positions have to be quick and you have to make sure that you're moving your SL.
Buys only after a reversal signal!
That shows us how much easier it is to trade in the direction of the trend rather than against it.
Today, it is very likely to see a breakout of 1,1200 and price reaching 1,1190.
Those are support levels from June, 2020.
As every day goes by, there's a higher chance for a retracement.
That's why those short positions have to be quick and you have to make sure that you're moving your SL.
Buys only after a reversal signal!