I spotted a promising trading opportunity in the Foreign Exchange market, and I would like to share it with you today as the setup is ready.
Before that, I would like to give you some insight about the global map for the pair of the single currency against the king currency (EUR/USD) to let you know where other opportunities could emerge as time goes by.
Chart 1. EUR/USD Monthly: Make It Or Break It
On the chart above, we can see the magic power of trends highlighted in blue for the upmove and in red for the current long-lasting correction. The former already took 115 months to unfold exceeding the period of the preceding upmove (93 months) significantly. This is what we always should bear in mind about the nature of corrections – they last longer than the moves they retrace. Continue reading "Don't Miss Another EUR/USD Rally"