The markets are incredibly flat right now. There is no real signal indicating direction, and until that changes we remain in limbo.
As a bit of a riskier trade, I am going to sell a unit of Eur/Usd at 1.42500. The stop loss will be at 1.4300, and take profit at 1.41500. If you haven't got much of an appetite for risk but want to get in on something, enter at 1.42750 with the same stop loss, and take your profit early, such as 1.4200. Although it may be prudent to sit this one out, the market really could go anywhere from here. Take the night off and relax.
This mundane price action is typical for the summer, so this is nothing out of the ordinary. Things do improve as traders return to the action from holiday.
From the Desk of
Aaron Reid
No comments:
Post a Comment