Video: What are the Best Dollar, Euro and Risk Alternative Trend Setups?
• Analysis brings us to the highest probability trading scenarios, but sometimes markets surprise
• It's important to be prepared for a change in market conditions with strong 'alternative scenario' trades
• We look at trends of various conviction - risk, Euro and Dollar - and assess best alternatives
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Trends eventually hit points where conviction shifts - whether temporarily or permanently. And, while some trends' phase into maturity and eventual reversal; most occur unexpectedly - and corrections are even more difficult to peg. So instead of trying to pick the turns, it is a better practice to have a strategy and options for alternative scenarios ready for an eventual shift. In today's Strategy Video, we look at three trends that are well-established in the market with different degrees of conviction and maturity (risk, Euro and Dollar), and determine which pairs are best positioned for a tide change.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.