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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

When Will The EURO Come Back Down

2009-03-18T12:16:19+00:00
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By in Forex Trading Videos Last updated on | One Comment

Video Synopsis – When will the EURO come back down?

In the above forex educational video I am discussing a large up move that occurred in the EURUSD back at the end of 2008. Many people were emailing me asking me “when will the euro turn around and come down”, my response was, why does it matter? Just trade with the dominant bullish momentum until price action indicates conditions are changing.

The move discussed in the EURUSD was a result of extreme volatility in the market. There was an inside / pin bar combo setup that occurred in the midst of this up move that traders could have used to get long from. This move did eventually terminate in a large bearish pin bar reversal that sent prices back down to eventually erase most of the up move, I discussed this as being a possibility in this video; before it happened. Obviously, the up move that occurred in the EURUSD at this time was a bit of an anomaly, but we still have to trade what the market gives us and let forex price action trading strategies guide our actions, not emotions.

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. Jose December 18, 2008 at 2:44 pm

    Hi Nial, great article man, you said something very important that most traders doesn’t remark, we don’t care too much when is it going to fall back as long as we must to “go with the flow” and the flow is clearly heading north, let’s go north till it tell us to go south again.

    Thanks man, just keep it up.

    Jose

    Reply

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