Trading Video: Liquidity Delays EURUSD, GBPJPY, Yen Setups
• Many global financial centers will be offline for the final trading session of the week
• This liquidity drain only further depresses extremely quiet markets - which may expedite the reversion
• If a rebound in activity clears tech barriers and activates fundamentals, plenty of opportunity awaits
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Great trading opportunity lies ahead, but expectations must be reasonable for when and where we can act. The final trading day of this week will be drained of liquidity due to the observation of a market holiday for many regions, and the subsequent conditions curb the necessary developments we need to instigate the seismic shift that we are inevitably heading towards. In today's trading video, we discuss why short-term trade setups are ill-advised but why medium-term setups for the likes of EURUSD, GBPUSD and others offer considerable opportunity.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.