EUR/USD: Why I'm Sitting on My Hands

Wait 5 sec.

EUR/USD: Why I'm Sitting on My Hands Euro vs. US DollarFX:EURUSDMacroMindset_FXLet's be real—if you're trying to trade EURUSD at current pricing, you're just flipping a coin. Right now, we're stuck in "no man's land" around 1.1408. It's the dead middle of a really messy 4H range. I used to bleed my account dry trying to catch micro-moves in chop exactly like this, just because I felt like I had to be in a trade. My straightforward game plan: The Problem: We're currently too low to short safely, and we're trading against heavy 1H downside momentum if we try to buy. The Zone: I have an alert set at 1.1420 - 1.1430. This is our 1H premium supply zone and the origin of the last heavy drop. The Trigger: I am NOT using limit orders. If we push up into that 1.1425 area, I'll drop to the 15m chart and wait for a clear bearish break of structure to get short. If it just dumps from here without me? I don't care. I'll catch the next one. Don't let boredom force you into a bad setup today. Protect your capital.