Greetings Traders,
The EU pair has been steadfastly rejecting the weekly OB (Order Block) for several days now. There's a potential for a bullish pullback, aiming for higher levels to clear out existing liquidity. This trend appears mirrored in the DXY (US Dollar Index), with both pairs exhibiting a high correlation. However, it's worth noting that during holiday months, when major institutions are on break, these pairs can display confusing movements, leading to liquidations at both highs and lows.
Navigating these fluctuations without order flow software can pose challenges, but with the right money management rules in place, it remains manageable. To address the complexities, we've adjusted our stop losses to be more substantial while seizing profits more rapidly. Given the holiday month dynamics, it's crucial to approach the market with care and diligence.
Wishing you successful trading during this holiday period,
Global Chart Surfers
Daniel P. Fadejev