EURUSD before FED
Like we said already, today is FED Interest Rate decision.
This will definitely cause some moves.
Here's what you need to look for before you enter a trade.
Direction: there is a higher probability for a strong USD, therefore we should see a new low on EURUSD. However, we should not sell right now!
Levels: The support levels are 0,9878, followed by 0,9800 and in case of a breakout then 0,9685 will be next.
Entry: There are a few ways to enter but the best one would be if we see a rejection wick above the previous highs. That wick should have formed after the news.
You need those 3 things before every trade. Everything else is money management and confidence (psychology) in your position.
In case of an upside move then we are not looking to enter a trade today!
This will definitely cause some moves.
Here's what you need to look for before you enter a trade.
Direction: there is a higher probability for a strong USD, therefore we should see a new low on EURUSD. However, we should not sell right now!
Levels: The support levels are 0,9878, followed by 0,9800 and in case of a breakout then 0,9685 will be next.
Entry: There are a few ways to enter but the best one would be if we see a rejection wick above the previous highs. That wick should have formed after the news.
You need those 3 things before every trade. Everything else is money management and confidence (psychology) in your position.
In case of an upside move then we are not looking to enter a trade today!
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
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.