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Patience, only patience

Patience, only patience | 01 February 2016

01 February 2016, EUR/USD

Once again, the level, which is becoming strong, have showed itself as a successful resistance level. Price is flew down like a stone, but stopped at a local minimum, which is trading now. Thus, the sideways trend is continuing, and it is a signal that you had better not make any trading operations till the price breaks these levels. Now the main trading scenario is bullish, according to it there will be a new ascending impulse iii in near future. So, in this situation you had better wait for the breakdown of the local maximum price, in order to start to buy.

Patience, only patience

Vasiliy Lukin
FreshForex Analyst
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