Short

EURUSD Short: Continuation after FOMC Dud

Updated

Hey traders, not a whole lot of volatility after the FOMC minutes. I like the rejection of the dollar weakness afterwards and the price action says a nice R/R is in order short from here. Targeting larger pattern .382 retracement with SL above MA cluster. Cheers

Note

For what it's worth, here's a brief EW breakdown on the 1m chart. The bearish impulse is the price action which triggered my short.

Note

1m Update: Looks as though correction may be complete

Trade active

Trade closed: stop reached

Eyes are now on the BOE rate decision and monetary policy discussion. Cheers

glennmercer

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