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Two Steps Forward and One Step back
Tuesday, March 10, 2015 6:57
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One would have thought that after Fridays hugely firmer results in the US jobs data we would be seeing a straightline up for the US dollar. After all we did see new lows in Euro, Pound and the Swiss Franc while the commodity pairs also dropped under their supports. And yet when we look at our charts monday was your tupical pullback and todays new dollar highs have been unsustainable with the currency pulling back across the pairs.
Source: http://www.fxinstructor.com/blog/two-steps-forward-and-one-step-back
Although this obviously makes a lot of sense but at the same time but I think we can do even better with no step backwards we just need to hold on our position whenever difficult time comes and when things get smooth or easier we can go about two steps forward. I trade with OctaFX broker and with them every step is a forward step for me as they have such amazing conditions including low spread of just 0.2 pips, high leverage up to 1.500 and a lot of support!