On EURUSD 1 daily chart.... bullish trend is easy to recognize.
- Should respect this trend, unless black line has a major break thru to the downside.
Always, keep in mind major TREND when trading... it will keep you trading in right direction. Note: Black line- if price action breaks this line--- expect BEARS to control this pair for the next few or several months coming up.
- Should respect this trend, unless black line has a major break thru to the downside.
Always, keep in mind major TREND when trading... it will keep you trading in right direction. Note: Black line- if price action breaks this line--- expect BEARS to control this pair for the next few or several months coming up.
Comment:
Major uptrend black line has been broken this month....so Bears will control the major trend for rest of this year & into next year...