EUR/USD Idea

10 thg 5, 2017

The "long" trade I put out for this pair finally hit take profit a few days ago. I wanted to get into this retracement, but I'm very cautious with counter-trend trading as I will be attempting to guess the highs and lows... Apart from that, we can see a nice pull back at the moment, and I will look for confluence either at the highlighted level (also a 38.2 retracement which would indicate this is an aggressive trend), or wait until price hits the 61.8 retracement (again, in addition to other confluences).. Patience is key.