Long for short Term...but then ?

FX:EURUSD   Euro / U.S. Dollar
Hello guys..after heavy drinking and partying we start the new year and i hope everyone of you makes losses so i can profit on them.. >:D just kidding , i wish you many luck! :)

We had free fall atraction last few day and broke ever our support and now there seems to go:
1. Corrective of the freefall and continuing him
2. Corrective of the freefall and continuing the uptrend on the bigger chart.

So, why we should long?
1. Many traders closes their short position to take profit for the weeken (with a long ) so maybe thatswhy it goes little bit up.
2. Hard traders are getting back from patying and are continuing the bigger uptrend.

3. Technical:
3.1. We have very low prices on the CCi , RSI , Stoch and its going to reverse, so that is why i am long
3.2. Pullback/Corrective of these little downtrend

When we reach our 2. Resistance, i would close my buy, and look what euro is going to do.

Thank you guys for reading, Comment and Follow please! :)

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.