EURUSD below 1,1600! What now?
2 questions and 2 different answers. It's important to understand the difference!
Will EURUSD continue to fall?
-YES!
Should we sell now?
-NO!
Yesterday EURUSD had 100 pips drop and it went below 1,1600.
It has now completed all of our analysis for the last 2 weeks.
If you have any short trades then you can move your SL to breakeven and expect a further move down to 1,1550.
If you don't have any active trades though, now it's not the time to sell.
Although we are expecting a downside continuation, the RRR isn't good right now.
It will be much better to wait for a pullback tomorrow, or during next week and then to look for possible entries.
It's not just the market direction that you should be able to determine, it's also the money management in order to achieve long-term results.
If you have any further questions regarding Money management and when to enter a trade, make sure to get in touch!
Will EURUSD continue to fall?
-YES!
Should we sell now?
-NO!
Yesterday EURUSD had 100 pips drop and it went below 1,1600.
It has now completed all of our analysis for the last 2 weeks.
If you have any short trades then you can move your SL to breakeven and expect a further move down to 1,1550.
If you don't have any active trades though, now it's not the time to sell.
Although we are expecting a downside continuation, the RRR isn't good right now.
It will be much better to wait for a pullback tomorrow, or during next week and then to look for possible entries.
It's not just the market direction that you should be able to determine, it's also the money management in order to achieve long-term results.
If you have any further questions regarding Money management and when to enter a trade, make sure to get in touch!
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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