If you've been following my posts then you know that I've been paying close attention to the EURUSD & since the recent Higher High, Higher Close (H3C), my bias is towards looking for long opportunities.
Based on a few recent conversations here on Trading View I think it's important to bring up the fact that there is a difference between having a bias and actually taking a trade. Undertrained traders tend to execute a trade simply because they have a bias, while educated traders hold a bias, then wait for the market to confirm that bias before putting any money at risk.
My interest in buying this pair comes at a retest of the lowest level of support, attempting to keep my risk to a minimum in what is still somewhat of a risky move...(that's a dumb sentence, because when is trading not risky).
What you see on the chart is a prediction of how the market could go about reaching that lower level.
Akil
Based on a few recent conversations here on Trading View I think it's important to bring up the fact that there is a difference between having a bias and actually taking a trade. Undertrained traders tend to execute a trade simply because they have a bias, while educated traders hold a bias, then wait for the market to confirm that bias before putting any money at risk.
My interest in buying this pair comes at a retest of the lowest level of support, attempting to keep my risk to a minimum in what is still somewhat of a risky move...(that's a dumb sentence, because when is trading not risky).
What you see on the chart is a prediction of how the market could go about reaching that lower level.
Akil
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