I agree, there is a long opportunity now in EURUSD, price pulled back beautifully from the last high, but nevertheless, a poke through to new highs bolsters the bullish case, especially with price remaining above the up trend line in place on the daily chart... Bulls are still running the show here .... Use those strong pullbacks to try long positions, keeping stops just a little below the rising trend line.. Ride that bull trend until it dies
And as I wrote this post, price dropped down to 1.4840 ... Hey Bulls.. Opportunity is knocking...
Brad, thanks for the advice , but i am bullish - long term
at the moment i just feel (well, there is more than that) that we need to wait for a proper pullback and THEN go long
A proper pullback ?? Say what ?? Price is pulled right back and bulls have opportunity as long as price remains above the rising trend line on the daily chart... With price pulled back close by the up trend line our risk becomes more and more minimal for long positions.. Trading is all about managing the risk...
Remember a few days back i posted a USDCAD Daily Chart showing the range on the daily chart... Price is right up into the top of the range today and offering an excellent spot for bears to try short positions...
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Originally Posted by Luxman
... Hey Bulls.. Opportunity is knocking...
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