This is one pair that has been bullish for a while in the long run however it seems it has hit it's mid-year highs and it's setting it's eyes on a nice short downwards to even the levels of 1.07
When the markets open tomorrow, I will be looking to short this pair instantly and forget this trade for like the next 3 months and watch what happens to your account.
Trading just like any other business should be a ground where you do long term trades as well as short term trades.
If you are capable of looking at trading as any other business field where you have to invest and reap fruits in the long run then you will never have any reason to worry about blowing your account. Rather grow it in the opportunities that have a long-term return on your investment.
Now with that said, remember to manage your risk well, and enter the market in a way that it would not hurt you no unless the extra ordinary happens. And so to cover the extra ordinary you know what to do - stop loss.
Have a fruitful week and no matter what, do not get out of that short :)
When the markets open tomorrow, I will be looking to short this pair instantly and forget this trade for like the next 3 months and watch what happens to your account.
Trading just like any other business should be a ground where you do long term trades as well as short term trades.
If you are capable of looking at trading as any other business field where you have to invest and reap fruits in the long run then you will never have any reason to worry about blowing your account. Rather grow it in the opportunities that have a long-term return on your investment.
Now with that said, remember to manage your risk well, and enter the market in a way that it would not hurt you no unless the extra ordinary happens. And so to cover the extra ordinary you know what to do - stop loss.
Have a fruitful week and no matter what, do not get out of that short :)