Do you still dare to buy EURUSD?

Unless there are nothing exciting to buy in the market , which is not the case with proliferation of products in the market and lower commission offered by brokers. Therefore, once bitten , twice shy, most traders would give it at best, 1-2 tries buying/selling this pair and if their SL is hit, they are likely to move on to others.

Again and again, I have seen and witnessed for myself , sometimes with heartache as well that after leaving shortly (like a day or two), the market works in the direction of what I wanted. Too bad, too late. Either, lack of funds or have too many open positions that one tends to stay away only to see the potential profits going to someone else.

This taught me a lesson to stay close to a few pairs close to the heart and not spread oneself too thinly (or greedy) and follow-through since the long term direction (as shown on weekly chart) is indicating a bearish trend.

It is only with patience that the market will turn to the right direction and we as traders only need to react and not proactively chase after it. Sounds boring but that is how money is made.