Nothing in trading is ever a should
but a most likely place for something to continue or change trend.
In this case 91 was the next area of resistance and as you can see
the market did stall around that price, but, if a trader was thinking this
was a likely place for a trend change --- and it continued going up ----
that tells you the market is still bullish. Simple as that !
The next possible sell point, or potential trend change would be the patterns
shown by JesusDiaz @ 91.50/91.65 area.
This is a great example of why the first question any trader should ask is:
Where is this idea wrong and I get out IMMEDIATELY !!!
In other words a trader must always use hard stops without question
Otherwise a trader can get caught with a trade that never stops until
his account is gone. The secret to survival in trading is knowing where
to get out with a small loss and live to trade another day.
Take the little hit and move on to the next trade.
So, I repeat !!!!!
The first question any trader must ask - Before He Places The Trade ---
Where is this idea wrong and how much will I lose.
If the risk is too much or larger than the reward you simply do not
take the trade. Risk management keeps you in the game.
There is a saying I heard several years ago that makes an important
The market never goes against the trader . . .
The trader has gone against the market !
Once I understood this distinction I started
to make more pips than I lost.
Until that point all I did was wonder why the market
never did what it was "supposed to do".
Best of luck to you in 2014 !!!
(not sure this all made much sense. if I can further
clarify I'll give it another try)