The daily chart is in a downtrend within a range! This week, it’s important to focus on “playing for wins during NY Time” and stay vigilant for FOMC.
The daily chart is in a ranging market within a downtrend.
This week, commit to “winning with the NY session”!
Hello to everyone reading the blog. This is FX-Skull.
A new week has begun. This week as well, to avoid being swept away by the market waves, let's establish a clear understanding of the environment and a strategy.
This Week's Important Events
This week, the events to watch most closely are as follows. Important indicators concentrate on Thursday.
- 【Late Thursday (Wed 27:00)】US FOMC minutes release
- 【Thu 22:45】US PMI (Purchasing Managers' Index)
*These releases may cause sudden spikes and dips around their 발표. Please be very careful when holding positions overnight.
Current Market Environment and Trading Strategy
Looking at the current daily chart,the “range within a downtrend”is shaping up, which is a somewhat tricky pattern.
The overall direction tilts downward, but due to range-bound oscillations, even at the level of the5-minute chart (M5) we are unlikely to see a clear unidirectional trendas we anticipate.
This week's iron rule: avoid overtrading, prioritize taking profits
Chasing too long in this kind of environment is very dangerous.
This week, as market participants increase and activity rises,focus on the “New York (NY) Time” window, quickly take profits, and avoid chasing—commit to winning exitsas the wisest strategy.
Because trends are harder to establish in this market, strictly adhere to the system's “entry zone” to reduce unnecessary losses, which is the quickest path to overall gains. Let's follow the rules this week as well and steadily increase our capital!
The strongest trading environment awaits
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