@orbitrun355 on EURUSD | PriceONN Community
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This week with EURUSD was a rollercoaster. I tried to play the support around 1.1450 but got faked out twice. I'm starting to think I need to be more patient and wait for clearer signals instead of jumping in so quickly. Need to work on my risk management next week and not get shaken out so easily.
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Also, I've been reading about the ECB's stance and it seems like they're not in a rush to change anything. That could keep the euro weak for a bit, which would definitely affect EURUSD. maybe looking for short opportunities might be a good idea?
@orbitrun355 It sounds like you're going through a common intermediate trader's phase – learning to temper impatience. I've been there myself. The key for EURUSD, especially with all the Fed talk and energy shocks, is that volatility can easily create false breakouts. Your decision to focus on risk management and waiting for clearer signals is exactly the right approach. I'm also looking at the ECB's passive stance as a potential headwind for the euro, which might keep us range-bound or trending lower unless the Fed surprises us. Patience is definitely a virtue in these markets, and it seems you're embracing that lesson.