If anyone of you checked my previous idea of eurusd long, you should be making a lot by now :) Congrats to who got it
Let me explain why is this a perfect set up:
1) Doji Pattern, a cross with very long bottom wick. This means the bear tried to drag the price down but failed.
(think, if you tried to sell, but the price didn't go down, what would you do? Remember trading is all about psychology)
2) 1.13 HUGE support. If you check the month graph, you would notice it's a resistance previously, now it changed to support.
3) EURUSD has been bearish for 6 days in a row, this is very very very very very rare, there must be some sort of retrace/reverse.
Anyway, I got a rolex out of this trade, thanks EUR!
Let me explain why is this a perfect set up:
1) Doji Pattern, a cross with very long bottom wick. This means the bear tried to drag the price down but failed.
(think, if you tried to sell, but the price didn't go down, what would you do? Remember trading is all about psychology)
2) 1.13 HUGE support. If you check the month graph, you would notice it's a resistance previously, now it changed to support.
3) EURUSD has been bearish for 6 days in a row, this is very very very very very rare, there must be some sort of retrace/reverse.
Anyway, I got a rolex out of this trade, thanks EUR!