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Hey
It has been a relatively difficult month so far as the general market direction is fairly mixed in my opinion. In short-term outlook, I'm looking for a deeper correction lower in EURUSD and among other major pairs but to be fair - it's a longshot right now. August is not the easiest month to trade as we're still seeing "summer trading conditions" meaning that some days, we don't see any price action at all.
Anyways, right now I'm holding a long position in USDJPY with a very tight stop just to see how the market reacts. On other accounts, I'm also holding a small short in EURUSD (from 1.1767) but I don't have it on the contest account as the trade setup for euro short is more or less a coin flip and requires flexible management.
Time will tell how the trades play out!
Cheers!
It has been a relatively difficult month so far as the general market direction is fairly mixed in my opinion. In short-term outlook, I'm looking for a deeper correction lower in EURUSD and among other major pairs but to be fair - it's a longshot right now. August is not the easiest month to trade as we're still seeing "summer trading conditions" meaning that some days, we don't see any price action at all.
Anyways, right now I'm holding a long position in USDJPY with a very tight stop just to see how the market reacts. On other accounts, I'm also holding a small short in EURUSD (from 1.1767) but I don't have it on the contest account as the trade setup for euro short is more or less a coin flip and requires flexible management.
Time will tell how the trades play out!
Cheers!
