Forex EUR/USD Daily Video, October 23, 2023

Sive Morten

Special Consultant to the FPA
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18,427
Good morning,

EUR now has no clear intraday direction, keeping chances on minor upside continuation in an area of 1.0620-1.0630, although we do not have absolute confidence that this will happen. That's why it would be better either to wait for clarity or be gentle with short entry decision making.

 
Not fun to trade these times.
Like I'm doing everything wrong.
Market is manipulated. I'm asking myself if we can compete with the wales....
 
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Not fun to trade these times.
Like I'm doing everything wrong.
Market is manipulated. I'm asking myself if we can compete with the wales....
Hi mate. Well, I would say a bit differently - "too many external drivers and drastic news" that depress technical factors. But you're right on major thing - it is really difficult to trade. Sometimes in such circumstances it might be handy to increase the scale - drop trading volume and turn to higher time frames, where impact of news smoother. Alternatively choose "breaking" points for entry to place tight stops. Hardly some unique treatment exists for such an environment.
 
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