The most important news for this month are due tomorrow - the FED interest rate decision. Usually, before such a news price is trading sideways and we shouldn't be entering trades with a lot of risk.
That's what we're expecting now as well - slow price action which should find it's direction after the news.
We are currently looking at a downside direction and that's what we would expect after the news as well.
After the news we will have confirmed trading ideas and a confirmed trend as well.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.