DislikedFunny how people still go long and HOPE for a reversal. Yes, you can have a SL below 2920 and go long, but you can also wait for a 2960 re-test, set SL above 1.3 and go with the trend. Worst case, you lose 40+- pips, but if nothing changes, this will go all the way down to 1.21, which is 800+ pips. Why BET against the trend, when there is no reversal on any chart? None on monthly, none on weekly, none on daily, none on H4, not even one on H1...and you people still long it. I don't get it. If you want to go long, then wait for a clear reversal on...Ignored
The bottom line therefore is, no one is right or wrong in buying or selling no matter what charts and fundamentals say, it all depends what is one's overall scheme.
We today, have this opportunity to trade small and for few pips, tomorrow will be altogether different with new trading rules and restrictions. At that time, we will realize how stupid we were by not digging the gold scoop by scoop but wanting to empty the goldmine we were sitting on in a day or two.
The Thief of Wall Street