I understand that you never want to try to catch falling knives, or try to stop a 5 alarm blaze with a super soaker... I always want to trade with the trend. That said, I'm having trouble learning when the trend is changing and when I should start placing trades the OTHER way.
A perfect example is EURUSD has been in an uptrend, however, last week on around 3/7 or 3/8 a small downtrend started taking it from 14034 to 13750. Then an uptrend started again immediately.
Everyone talks about letting the market show you where it's going... how do I know if it's a minor pull back vs an actual trend change.
A perfect example is EURUSD has been in an uptrend, however, last week on around 3/7 or 3/8 a small downtrend started taking it from 14034 to 13750. Then an uptrend started again immediately.
Everyone talks about letting the market show you where it's going... how do I know if it's a minor pull back vs an actual trend change.