Adapting to Holiday Trade Ahead: S&P 500 Reversals or GBP/USD Ranges?

Talking Points:

• Thanksgiving week may be specific to the US (and Japan), but the market implications are historically global
• A seasonal liquidity drain will exacerbate structural complacency that will require a very clear trading approach adjustment
• Short-term setups with clear technicals and event risk (like GBP/USD) are preferable, but be wary of surprises

Retail traders are more focused on short-term opportunities rather than long-term trends. See how retail traders are positioned in the most liquid Dollar based pairs such as EUR/USD, GBP/USD and USD/JPY on the DailyFX Sentiment Page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)



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