Disliked{quote} Due to correlation, what is probability of EURUSD reestablishing a tradeable supply zone? Or is there a certain amount of time to allow for a currency to establish a strong supply zone based on your strategy and tf?Ignored
Its always best to not marry yourself to one currency pair or to a trade. To answer your question, continued analysis of the EUR/USD can cause one to force a trade. So the best option is to go currency shopping and look for a better setup with a fresh pair of eyes.
My interest is no longer on the EUR/USD until another high probability trade presents itself.
One could sit waiting for that big trade on the EUR/USD and while doing that, is missing other opportunities on another currency pair.
I am not seeing a high probability trade on the EUR/USD right now.
So one can wait, or over analyze and force a trade or look for a higher probability trade on another currency pair.
This is how the psychology of trading affects your ability to look for other opportunities.
Over the wire - there is talk of targeting 1.3711 but this thing could also drop. When in doubt - STAY OUT