EURUSD entered a confirmed uptrend scenario on Nov 4, 2022, rising from 0.9800 to 1.0900 on Jan 23, 2023, corresponding with a 1,100 pip increase within 12 weeks (4hour chart)
The EURUSD price now resembles a tightly stretched rubber band that could snap back in the opposite direction at any moment.
Currently, the price remained within his long-term uptrend...
The trend is your friend! – It depends…
Trading and investment strategies are basically guided by the idea of following an existing trend. This makes sense, however, only to a certain extent.
Of course, if you have an open winning trade it is wise to stay in it as long as possible. At least, as long as the movement is stable. We all have learned to let our...