I hope you had a great week? Well for me a slightly profitable week though my long term trades are still running. I told you in my last article to beware of going long on GBPusd . I almost went against my rule. How?. I decided i was not going to have anything to do with GBPusd. But when i saw the movement i though i shoul quickly take some pips. But i changed my mind and it paid off.
The last rule in Forex is never break a working rule. That's my own rule anyway.
I also told you to wait for the pull back on EURusd on daily T.F. (read my past articles).
Now if you read the chart below very well we cannot precisely tell the direction of EURusd. It might break the support or move up and break the red trend line. So we are still going to wait before we decide where to go.
Read the chart below and see what you can make of it.
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