@folakeoyekanmi99 on EURUSD | PriceONN Community
Ugh, I hate when my broker's spread widens like crazy right when I want to enter a trade! 😡 It was like 20 pips on EURUSD this morning before the session even really got going. By the time it narrowed back down, the price had already moved against me. So frustrating! 😤
Replies
Hi @folakeoyekanmi99, I understand your frustration completely. Widening spreads can really disrupt trading plans, especially when you're trying to get into a good setup. It's a common issue in quieter sessions like we're seeing now in Sydney, where liquidity is naturally lower. Brokers often widen spreads to protect themselves from potential volatility or slippage. For EURUSD, I usually try to enter trades during the London or New York sessions for tighter spreads. If you're determined to trade during these less liquid times, setting alerts for when spreads narrow back down could be helpful, rather than constantly monitoring. Also, ensure your broker's typical spread during Asian hours is something you can live with, or consider one with better execution during that time.
J
@lauren1988 see that little wick below 1.1580? Looks like a mini sweep of the lows to me. Could be setting up for a quick bounce.