#OPINIONLEADER# #forextrading#
With the geopolitical upheaval in Europe and the Feds action against inflation, the financial market has been unstable in recent weeks with no clear direction. I have been noticing this since the end of January and I think it will continue till next month. The next FOMC meeting will be held on 15th & 16th of March and I think that is when the market will have some stability and price will begin to move calmly.
Trading sessions have been very volatile but the market also retraces with the same speed it moved with, more like nothing ever happened. This is why I named this post "No Home Run" as it is unadvisable to stay long on any trade this month.
This market condition is great for scalpers but not suitable for swing traders. So be careful while trading this month.
Kindly let me know what you have also observed so far in the forex market lately.
Thank you
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now