PATIENCE PAYS AND LESS IS MORE
In as much as the markets are constantly dishing out opportunities, it is not recommended to allocate risk to a trade that is not in alignment with your model. Afterall, less is more and it truly is.
In this case, there are only 3 options as traders that we all are, which is to Buy , Sell and then the last but not the least and the most important of them all, to wait.
Based on technical lens, the price of EURUSD, GBPUSD have been trending lower on since the 3rd quarter of 2024, it is only natural that price would want to form a reversal which I think the signs are about to display itself via the means of the SMT.
In the meantime, I will wait for price to confirm the SMT. If price should validate the SMT then I will be looking for longs on both EURUSD and GBPUSD. But for now, I am neutral until the market dictates it demands
In this case, there are only 3 options as traders that we all are, which is to Buy , Sell and then the last but not the least and the most important of them all, to wait.
Based on technical lens, the price of EURUSD, GBPUSD have been trending lower on since the 3rd quarter of 2024, it is only natural that price would want to form a reversal which I think the signs are about to display itself via the means of the SMT.
In the meantime, I will wait for price to confirm the SMT. If price should validate the SMT then I will be looking for longs on both EURUSD and GBPUSD. But for now, I am neutral until the market dictates it demands
Penafian
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