@nycJennifer29 on EURUSD | PriceONN Community
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This week in EURUSD was a bit of a mixed bag for me. I had anticipated a stronger bullish move based on the early week data, but the pair seems to be struggling to maintain momentum above the 1.18 level. I'm going to review my entry criteria and risk management strategy over the weekend to see where I can improve. Always a learning experience!
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Update: After reviewing my trades from this week, I noticed a tendency to hold onto losing positions for too long, hoping for a reversal. This goes against my risk management rules, and I need to be more disciplined in cutting losses quickly. I'll set tighter stop-loss orders for EURUSD next week, perhaps using ATR to dynamically adjust the SL based on volatility. It's crucial to stick to the plan, even when it's tempting to give a trade 'one more chance'.
I agree @nycJennifer29, EURUSD has been difficult to read this week. I also thought the bullish momentum would be stronger. I'm going to review my risk management too. Are you planning on adjusting your stop loss levels, or completely rethinking your approach to the pair?