Strategy Video: A Big Picture View Can Change Your Assessment of the FX Market
• As volatility increases, traders tend to look for shorter and shorter time-frame setups
• A zoomed in view of the market however can obscure major technical levels and even fundamental skews
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When market activity increases, traders look to take advantage. Yet, another common trend with rising volatility is a shifting propensity towards shorter term setups. A magnified focus on short-term swings in price can lead us to miss important technical boundaries, can undermine our fundamental assessment and can even direct us to the wrong trading style. So, in the weekend Strategy Video, we discuss the value of stepping back and looking at the big picture. With a discussion on the influence scope can give us on how we trade; we evaluate EURUSD, USDJPY, the S&P 500 and other prime setups.
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