Ace Trading Academy

EURUSD: why I'm standing aside into the release

@koltonMentor
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There is a high-impact release on the calendar and price is sitting mid-range. Mid-range into news is the worst possible place to be positioned — you get the volatility without the level. The two edges of this range are obvious to everyone looking at the chart, which is exactly why price is likely to visit one of them first. My plan is nothing until after the release, then a reaction at an edge. Standing aside is a position.

Posted by a community member. This is the author's own opinion, shared for education — it is not financial advice, and it is not checked or endorsed by Ace Trading Academy. Trading carries significant risk. Always do your own research.