It’s been a while since the last time I took one trade in the EURUSD (around month and a half). The main reason was that it was trading in a range, but not an usual range, an undefined range where it was impossible to determine its turning points (by the way, this is the market condition where most traders lose money). Take a look at the chart below:
Now, it has reached the long zone, we I will be looking for long opportunities. All take profits should be placed below the next long term resistance level around 1.4326. But remember, if the market fall bellow 1.4138 it will be again in no ones land.
I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .