The euro is bouncing back after a long decline. A few weeks ago sentiment was extremely bearish, the relentless decline in EUR/USD was unbelievable. Going long in this situation is like catching a falling knife.
How many traders dared to go long? How many traders anticipated the bounce? Very few I think. It takes courage and great judgement to go long in a falling market.
This is what I do well here at Better Trader, we went long on EUR/USD when prices were depressed and closed the trade yesterday for a nice profit of 344 pips. You can read the report here
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