I wanted to pass along this thought tonight. I can see the possibility that we may have a "Buy Extreme" today. What happens on this is very important. For those of you who don't know what a buy extreme is, well it is sort of like a false break, or a candle with a long tail down that closes up. The market auctions down to find buyers.. Buyers may take over when the "value" for the EURUSD appears to low and up we go. It can be a very strong signal that will send us up (or not I might add).
I think we could possible move down near or through the 3063 level that we have been focusing on. The reason I wanted to give you a heads up is that if your risk tolerance is in line, be patient if you see a strong move down. Watch what happens. You may want to buy down at these levels. If you are uncomfortable with this, wait for price to move back up to a know value level and get long if possible. On the same hand, if there is no buying....get out.
Might never happen, but you never know. Better safe than panic mode.
I think we could possible move down near or through the 3063 level that we have been focusing on. The reason I wanted to give you a heads up is that if your risk tolerance is in line, be patient if you see a strong move down. Watch what happens. You may want to buy down at these levels. If you are uncomfortable with this, wait for price to move back up to a know value level and get long if possible. On the same hand, if there is no buying....get out.
Might never happen, but you never know. Better safe than panic mode.