The trading plan for the EUR/USD pair indicates a significant consolidation within the middle of the range, leading to an unclear bias. Currently, all trades stand at a 50-50 probability. Given the upcoming fundamental events for the dollar, the market is expected to establish a clear direction.
At this juncture, the strategy is to exercise patience and remain on the sidelines, awaiting the market to reach either the red or green zone. Observing the price action in these areas will provide insights into potential weaknesses and signal viable trade opportunities. It is advisable to refrain from engaging in trades with a 50-50 probability and instead wait for more decisive market conditions. Stay cautious and prioritize safety in trading decisions.
At this juncture, the strategy is to exercise patience and remain on the sidelines, awaiting the market to reach either the red or green zone. Observing the price action in these areas will provide insights into potential weaknesses and signal viable trade opportunities. It is advisable to refrain from engaging in trades with a 50-50 probability and instead wait for more decisive market conditions. Stay cautious and prioritize safety in trading decisions.
Daniel P. Fadejev