Hello traders, After yesterday's overperformance I see many traders posting long and short positions. Primarily based on the EURUSD 1.1200 handle. The price is still trending and might as well continue trending. We cant start calling trades based solely in S/R levels. Wait for price consolidation and act based on your strategy.
When talking about, trend, trending, trend lines, you should consider the Time frame!
GL.
fromzerotospyro
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Thank you for your response. The price is obviously driven to the upside for thee days in a row. Now if you look at the monthly chart that would be of course a tiny move against the overall trend. Yet still the price is very directional at this point. I never said it's an uptrend or a downtrend. All i'm saying is be cautious as we might have a new trending impulse. I know your bias because I follow you and it's fine to go short if it aligns with your strategy.
GL.