The market has seem to broken the long downtrend that we've been having on EurUsd. The price action over the recent trading week, has completed a 5 wave impulsive drive which broke the down trend line and even provided a solid retest to confirm.
I won't suggest to jump in the market, all guns blazing just yet. After every impulse it's only natural for the market to correct, so I will be waiting for that correction to play out before placing any long positions.
Let me know your thoughts and feedback on this pair, and I will keep updating it as it develops.
Signed,
Samore
I won't suggest to jump in the market, all guns blazing just yet. After every impulse it's only natural for the market to correct, so I will be waiting for that correction to play out before placing any long positions.
Let me know your thoughts and feedback on this pair, and I will keep updating it as it develops.
Signed,
Samore
