Another downfall on EURUSD | Where to now?
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Yesterday we looked for an upside move here on EURUSD and there was one to 1,1895.
That upside move was not quite easy for price and today we see a downfall.
The main question now - Where to?
Obviously there is not enough strength in this move to continue higher and so we shouldn’t be buying.
However, there’s no basis for short positions either.
This is a time where we shouldn’t be looking for trades on this timeframe.
A breakout in either direction will give us a clear idea in what direction market will be going next.
Anything before that is basically a prediction without any basis.
That’s why move on to another instrument or go for a walk!
That upside move was not quite easy for price and today we see a downfall.
The main question now - Where to?
Obviously there is not enough strength in this move to continue higher and so we shouldn’t be buying.
However, there’s no basis for short positions either.
This is a time where we shouldn’t be looking for trades on this timeframe.
A breakout in either direction will give us a clear idea in what direction market will be going next.
Anything before that is basically a prediction without any basis.
That’s why move on to another instrument or go for a walk!
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