I maintain a bullish bias on the EURUSD for now for the following reasons.
- Price action
- COT data shows the hedge funds net long on the EURO and they have been adding a lot more long positions in past weeks.
- Retail is net short while the smart money is net long (You will be annihilated if you attempt to pick TOPs for a reversal)
- The current CORVID 19 situation in the USA
- An unfavorable US administration
So am still looking for long opportunities. Here is my trading plan for this week on the EURUSD with entries in grey zones.
Stay green everyone.
- Price action
- COT data shows the hedge funds net long on the EURO and they have been adding a lot more long positions in past weeks.
- Retail is net short while the smart money is net long (You will be annihilated if you attempt to pick TOPs for a reversal)
- The current CORVID 19 situation in the USA
- An unfavorable US administration
So am still looking for long opportunities. Here is my trading plan for this week on the EURUSD with entries in grey zones.
Stay green everyone.
Give the market little, Aim to take a lot!
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