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FUNTRADER-Vera
Jan 25, 2019 4:32 PM

2601 EURUSD has a lower position than we expected to rally Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD finally rallied up now.
It has a lower position to start the rally than we expected.
An engulfing pattern on daily chart shows us a strong reason to long it next week.
Why next week?
Because we did not open a trade yet, we dont want a trade has huge SL that enter at current price.
Waiting for a pullback to open then.

Less is more!
Comments
CronicsMxo
Good analysis @FUNTRADER-Vera. I strongly see it that way too. Similar with the DXY which is on a rally down.
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