Hi Piphacker,
On my post about eur/usd, I wasn't talking about taking a position right away because I am on a daily chart. I was talking about waiting to see if a nice longer trend would develop. Because whatever develops should hold (hopefully) for a few days or more and just take short term positions on retracements in whatever longer direction developed on the daily.
As of this moment it has broken it's trendline and bounced off of support. If direction holds one more day, I will be looking to take long positions over the next few days after.
Thanks for pointing out the hammer. That confirms the bullish movement for the next few days maybe even more.
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