Short term, EURUSD is in an uptrend. So long as this continues, I will be looking to long pull backs to key demand levels. Analysis of the demand level is in the attached text.
Commentaire:
This trade was stopped out. The demand level did not hold, and I was mistaken in thinking this would hold. Price did however tap the next lowest demand level. While this was a losing trade, this does show about the importance of using the correct odds enhancers to only select for the highest probability trades. Also, because price action tapped the next lowest demand level before rallying away in strong fashion, this also gives validity to the power of strong demand levels.