Hey traders! For Day 10 of our 100-day challenge, we’ll talk about the market tendencies of EURUSD in London and NY session.
I scrolled back a bit to a random range and we can see certain market tendencies present here.
- London offers the biggest trading range vs NY and Asia
- NY offers second biggest trading range
- Overlap of London and NY is usually a reversal/pullback
- Seldom is the overlap a continuation
You can use these tendencies to your advantage to:
- Increase your directional accuracy
- Decrease floating profit drawdown
- Secure maximized profit within the day
There are many other ways to capitalize off this market tendency. Hope this gives you a different perspective on EURUSD.
Enjoy your Sunday and we will be back posting trade ideas tomorrow! See you then 