EURUSD is a long here. Next week to break the highs for 1.22+

We can see that EURUSD has pulled back 60 pips from its highs for a small correction. By the looks of the impulse, we can see that it will continue much higher. This correction was/is a chance for longs to get in before we push past 1.22+. During bull markets (which EURUSD is now in), it is more profitable to buy the dips, then look for "tops" and sell rallies. Yes, selling impulses can be short term profit, but you do not want to get caught in the midst of a huge bullish wave which EU is now in.

For Sunday evening (Asia), I will be longing EURUSD, and immediately looking for 1.217 by London time. Asia knows what's up and continues to buy, not sell EU.

Comment:

It’s quite interesting to see the amount of hate my idea is receiving. It just makes me that all more comfortable knowing that pain for EURUSD traders will be to the upside. Over 70% of eurusd retail traders are net short at an average price of 1.185 and keep adding at these levels. I wish you all the best of luck!