and the market shows it's ready to shoot higher. A tight stop long is possible here, now, and on dips after today. See my previous publication here:
It becomes interesting if this is indeed a trend reversal of the scale I had foreseen back then, since it implies a steady uptrend for months to come in the Euro .
Best of luck,
A potential upside move was confirmed in the previous 6-month bar, on close.
It might consolidate after that, but, longer term, it remains bullish, so, dips are a buy...we have an arsenal of trend-following strategies to use, to benefit from keeping the main trend in mind, to profit from short term volatility.
This is why I reccomended swapping your margin account cash for swiss francs...
Draghi talks soon, ideally, it gives us a chance to add on dips. It might just make it accelerate further up.
Good spot to add on dips approaching (or reentering if you closed higher like me)
Closed for now, will reenter after a correction.
Looking to rejoin this trend in the new signal, oversold daily readings would be great...
We approach end of 2017, rally time? I say so.
Size should make you risk 0.25-0.5% if stopped out. You could add on dips after today too. Don't risk over 0.5-1%.