EURUSD And The Long Term Trend
What a rollercoaster, make sure you ride it correctly.
EURUSD has seen a larger rise off the back of the previous fall when everyone rushed to buy the USD amid global termoil.
But now, the tables have changed and various USD pairs are rising off the back of current news RE the USD.
We looked long previously on falls as we knew markets cannot sustain continuous dollar strength forever and clearly now you will see they have not.
If you check your 12M chart you can see the market has been downtrending for a significant amount of time. It is your job to swim alongside the tide and not get halted by the current. Scale in short where the smart money also scales in short and look for gains on your falls.
And no, you do not need to hold and hold forever to get a significant gain. You can accumulate gains by taking various trades as the market falls in tandem. Be Smart. Be Wise. Do not overleverage, ever.
EURUSD has seen a larger rise off the back of the previous fall when everyone rushed to buy the USD amid global termoil.
But now, the tables have changed and various USD pairs are rising off the back of current news RE the USD.
We looked long previously on falls as we knew markets cannot sustain continuous dollar strength forever and clearly now you will see they have not.
If you check your 12M chart you can see the market has been downtrending for a significant amount of time. It is your job to swim alongside the tide and not get halted by the current. Scale in short where the smart money also scales in short and look for gains on your falls.
And no, you do not need to hold and hold forever to get a significant gain. You can accumulate gains by taking various trades as the market falls in tandem. Be Smart. Be Wise. Do not overleverage, ever.
Note
Remaining short. Further shorts at DCA levels (will be updated)Note
Exit any shorts taken, longs only on a much further fall.
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bit.ly/learnttm
Free Discord Secret Server:
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Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.