Apologies for posting this late had technical difficulties earlier - I have entered long on EURUSD - the key levels are marked on the chart and I expect price to potentially reach the top resistance level.
There will be a much better entry than this, 1.34 - 1.36 is key resistance area where the price will drop lower to around 1.29 area, and form new support. That's probably when it would be a great idea to buy :) But if you don't have the patience, and want to go with the temporary ride for few pips then it's a perfect move!
Simple_FX_
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@Matl101, I can see this happening on the pullback thanks for the input! I often like to take a position and get out at next key S/R level - then re enter if it breaks and retests it
TradeXMBL
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@Simple_FX_, It was very obvious it was going to happen. Massive overbuying on RSI, not a single pullback. But yeah I can see why you would enter, if you're going for trends you are still most likely on the right track!
Simple_FX_
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@Matl101, The price I bought had bounced off the broken trendline on a small retrace on my CMC account and was lower than what this pullback has gone to so was in early doors, so now I can build on the position from this pullback if need be like you predicted