Folks,
The weekly on eur/usd is becoming very oversold and we are nearing major technicals support levels.
If you take a look in to the DXY (monthly chart) you see we are hitting major technical resistance levels.
This doesn't guarantee any bounce but it increases the probabilities for a bounce.
I am already scaling in SMALL. WHY? Because if the price dips more you can add more. I've learned that not going all-in at once is a better strategy to me.
The weekly on eur/usd is becoming very oversold and we are nearing major technicals support levels.
If you take a look in to the DXY (monthly chart) you see we are hitting major technical resistance levels.
This doesn't guarantee any bounce but it increases the probabilities for a bounce.
I am already scaling in SMALL. WHY? Because if the price dips more you can add more. I've learned that not going all-in at once is a better strategy to me.