On April 26 I wrote about the patience I was exercising in waiting for exhaustion to possible drive the daily EUR/USD to my sweet spot for a swing buy entry. But what do you do when the market simply won’t come back to you? It can be maddening and that’s where common trading mistakes begin to manifest.
I’m aware that the correction lower on the EUR/USD may not be a reasonable one to expect right now. The price movement is simply not showing to be likely to pan out considering that even my “aggro” 20 period SMA entry level is at 1.4496.
I’m sticking with the same swing strategy but simply shifting time frames to one where the pullback is a more realistic trigger.
Similar Posts:
- Is this all weakness we’ll see from the franc?
- Swing Trading 101: Do you have the patience to let the trend come back to you?
- USD/CHF Daily Chart Swing Short Triggered
- EUR/USD: Dollar Index 73.00 support, Intraday Ceiling
- Be aware of Directional Bias espeically when it comes to longer-term, intraday time frames.
