alectrade1
Long

eurusd channel

FX:EURUSD   Euro Fx/U.S. Dollar
72 5 1
Possible buying area
Don't buy, it will break.... going to next support.
-1 Reply
pcmourao pcmourao
Shoul be around 1.066
-1 Reply
alectrade1 pcmourao
You might be right. But nobody can know for certain what will happen next. So that support level is a support level until it breaks.
+1 Reply
pcmourao alectrade1
Ah... but support only holds after it confirms ;) Hasn't confirmed yet.
-1 Reply
To me support it support. You like to wait for confirmation which is no problem. I have a bit more of an aggressive approach. What you said is that we shouldn't trade the support because it is GOING to break. That's an assumption and a statement that implies that you KNOW what the market is going to do next. That i cant agree with. Waiting for conformation is a perfect approach. But thats not what you said.
+1 Reply
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