What is today's market? Since it is end of month, EUR/USD also converges to 1.1125 dollars (futures)
Hello, I am a cat-loving FX trader. Welcome to the “Trade Idea Lab” for traders by traders for traders. Regarding today’s market analysis, with the month-end mood in the air, choosing not to trade can also be a prudent decision. The USD/JPY remains below the futures price of 144.35, and the EUR/USD is converging around 1.1100. To formulate such high-precision trading ideas, there are limits to general indicators, Dow Theory, and Granville’s rule.
To make trading ideas succeed, you need four essential pieces of information: environmental awareness, location-specific information, strategy, and tactics. Mastering methods to accurately gather these pieces of information is the key to trading success. And the methods themselves should not differ; the variation among traders should lie in the part of advantage. Based on this idea, let’s aim for even more precise trading.
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