Bernd_Sko_Trading
Long

EURUSD weekly Demand - Long in the context of a weekly uptrend

FX:EURUSD   Euro / U.S. Dollar
All data shown on the chart. Long setup in Weekly Demand. We trade the weekly uptrend.
So the drop that we're seeing now will come to an end and we'll start seeing an uptrend and should buy to take advantage of that?
Reply
@xoibsurferx, the drop is a weekly corrective move followed by a leg up impulse move. Since the impulse move is always bigger than the corrective move we will see a higher high on the weekly. Yes, we buy the impulse move in weekly demand.
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