After 3 long years, the gap that EURUSD on that fateful day, 24 April 2017 leaves open and
continued to rake in nearly 2000 pips profits for the buyers before it starts to tumble down.
While it is highly expected for this pair to continue goes down , likely to 1.05 and lower, it may not be a nosedive plunge as it had in the past days.
It could whet the appetite of the short sellers by going sideways for a while (months or years) before we see the light of the desired target price.
On hindsight. one would have say, it is so obvious the trend is downwards. I too can see that , haha. The million dollar question is when it was at the peak at 1.60 in 2008 or 1.24 more recently, where were you ? If you short, congrats !
But if not, no point searching for why you were not there. Coz this will make you feel guilty and belittle yourself for the pea-brain you have - just like when FB was at 50 or Amazon at 100 , the list goes on..........
Since we cannot turn back the clock, let's look at what you can take advantage of , especially in this Covid-19 situation.
Hopefully ,when USD crashed someday ( dun ask me when, i really dunno), then we can all come and long EURUSD and park it for a few years and ride it back to 1.24 or 1.5-1.6. That would be so nice, isn't it ?
That's the beauty of trading, we can always find hope in any bull or bear situation. Meanwhile, watch this pair and see how it will perform over the next few months. It is going to be exciting.
continued to rake in nearly 2000 pips profits for the buyers before it starts to tumble down.
While it is highly expected for this pair to continue goes down , likely to 1.05 and lower, it may not be a nosedive plunge as it had in the past days.
It could whet the appetite of the short sellers by going sideways for a while (months or years) before we see the light of the desired target price.
On hindsight. one would have say, it is so obvious the trend is downwards. I too can see that , haha. The million dollar question is when it was at the peak at 1.60 in 2008 or 1.24 more recently, where were you ? If you short, congrats !
But if not, no point searching for why you were not there. Coz this will make you feel guilty and belittle yourself for the pea-brain you have - just like when FB was at 50 or Amazon at 100 , the list goes on..........
Since we cannot turn back the clock, let's look at what you can take advantage of , especially in this Covid-19 situation.
Hopefully ,when USD crashed someday ( dun ask me when, i really dunno), then we can all come and long EURUSD and park it for a few years and ride it back to 1.24 or 1.5-1.6. That would be so nice, isn't it ?
That's the beauty of trading, we can always find hope in any bull or bear situation. Meanwhile, watch this pair and see how it will perform over the next few months. It is going to be exciting.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.