Fundamental Analysis 11/21/24Hello,
Welcome back to another fundamental analysis of our foreign exchange pairs. My name is Miles Johnson, and I am a price action trader.
Today, I have observed that most of our fundamental indicators are not aligning with our potential trading setups. This presents additional risk to any trades we may initiate. Therefore, please exercise caution and adjust your risk management accordingly.
During our chart review today, it appeared that JPY was the dominant currency and exhibited strength. Consequently, I will be focusing on JPY pairs and cross-referencing them with weaker currencies to identify potential trading opportunities with the lowest risk.
It is important to note that not all of our valid setups will exclusively be paired with currencies that have projected weakness. Fundamentals do not solely indicate market performance; rather, they serve as a confirmation of market power. Therefore, it is crucial to consider this aspect when evaluating fundamental indicators.
thank you,
