I trade forex and mainly focus around major news releases, using the economic calendar to guide my trades. Lately I’ve noticed that on Mondays with no major data release, the market tends to trend in a single direction and keep moving either long or short for the whole day without any rotations and I’m having trouble forecasting which way the market will go on these quiet days, especially after weekends. How do you approach trading on Mondays or other low-volatility days?
You highlight that a major move is expected but can’t identify its direction. Is this a situation where you could bracket the current price with a buy order above and a sell order below?
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