You'll need specific guidelines to live by if you're anticipating to make earnings in the Foreign Exchange Market. One such rule to live by: Always buy the dips in an uptrend market and always offer the bounces in a downtrend market. This formula is extremely simple to comprehend and can be extremely rewarding if you adhere to it.
EUR/USD extends advance to 1.3700FXstreet.comCCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD neutral. EUR/USD significant levels. Above the 1.3700, the EUR/USD would face resistances at 1.3710, 1.3730 and 1.3775. On the downside, supports are at 1.3670, ......EUR/USD extends advance to 1.3700 - FXstreet.com
You can always stick out of a trade, you have that personal right. If you are doubtful about your position of a trade, it is best to avoid of it. If you do not have enough info to make an enlightened decision, it's much better to sit out of the trade than to make high-risk uninformed choices.
Additional resource on MACD
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