Great Judgement Here At Better Trader

04/30/2015

Great Judgement Here At Better Trader

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

Start making regular profits from the FTSE 100, S&P 500, EUR/USD and gold, subscribe to Better Trader Premium:

http://www.bettertrader.co.uk/blog/premium-content.html

Posted by Better Trader on 04/30/2015 at 05:05 PM in Elliott Wave, EUR/USD, Forex, FTSE 100, Gold, Key Levels, Research, S&P 500, Technical Analysis | Permalink

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Better Trader

04/30/2015