@nasiru3344 on EURUSD | PriceONN Community
Manish, I hear you on the quiet markets. Sometimes it's those calm sessions that lull you into a false sense of security before a big move. Looking at the economic calendar, we've got the US PPI data coming out later today, and speeches from ECB and Fed officials. Those can really inject some volatility and direction into EURUSD, especially if the numbers are unexpected. Remember, the market often moves on sentiment and anticipation ahead of these events. Keep an eye on any significant displacement candles around the news release times. That's usually where smart money shows its hand.
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Yeah, and speaking of risk, I’ve been burned too many times by being too tight with stops on pairs like EURUSD. It's a game of patience. You can always re-enter if the setup is still valid, but once you're stopped out on a sliver of price movement, the trade is over. I usually aim for a minimum of 20-30 pips buffer on my initial stop for this pair, depending on the current volatility and my target.