The dollar has been in a range of consolidation since a new low at 103.30 was made December 14, 2022. This has made trading the majors not the best decision as of late.
What can you do?
The best thing you can do is wait for price to make a new lower low or a new lower high. There is no need in guessing which way the dollar will go until she shows you her hand.
Should you trade?
There are other minor currency pairs with amazing opportunities. You job, my friend, is to go find those opportunities and trade them. Consider looking elsewhere for your trading opportunities following your trading rules.
Or...
Since this is the last trading week of the year you could rest and reflect on your performance this year so you can prep for next year. I choose to do the later of both of these options, but you have permission to do as you wish.
As for now, the dollar is chilling. I'm about to do the same.
Thanks for taking the time reading my thoughts on the dollar. Like this post to boost it. I appreciate you.
What can you do?
The best thing you can do is wait for price to make a new lower low or a new lower high. There is no need in guessing which way the dollar will go until she shows you her hand.
Should you trade?
There are other minor currency pairs with amazing opportunities. You job, my friend, is to go find those opportunities and trade them. Consider looking elsewhere for your trading opportunities following your trading rules.
Or...
Since this is the last trading week of the year you could rest and reflect on your performance this year so you can prep for next year. I choose to do the later of both of these options, but you have permission to do as you wish.
As for now, the dollar is chilling. I'm about to do the same.
Thanks for taking the time reading my thoughts on the dollar. Like this post to boost it. I appreciate you.
