Market overview of marshmallows 1008~A new strategy to challenge a day; Positing positions is prohibited (>3<)~
Hello everyone
I am Marshmallow.
【Yesterday's Market Recap】
Even after the FOMC announcement at 3:00 this morning, there was almost no movement, and the price stayed in a tight range all day, making it a day that was hard to react to.
From yesterday's entry rules, I entered EUR/USD as a short, but neither the stop-loss line nor the take-profit line was reached. Ultimately, I closed the trade by forced liquidation manually, ending with a slight loss.
【Today’s Market Commentary】
Regarding today's market commentary, using our usual analysis method we can determine the up and down trends, but there is no clearly defined trend, making it difficult to trade in a single direction for now.
However, in such a lack of directional clarity, I believe this might be the first time since I started providing Marshmallow's market commentary that I’m showing how I trade in this situation. Please take a careful look at this strategy so you can develop the ability to respond effectively to any market condition.
This time I have changed the way I draw the resistance band from what I usually do.
Based on this resistance band, I plan to trade again today, so please view the next image...
Well then, I appreciate your continued support today as well (*^-^*)
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