Euro / U.S. DollarShort
EURUSD/SHORT after pullback
Updated
Hello guys its me again,
TA: Uptrend breakdown, RSI give us opportunity for selling, doji (reversal candle). Most probably we will see pullback so don´t put your SL too tight.
EURUSD Break uptrend and we are looking for downtrend after good news for USD, search for FOMC Meeting Minutes
Fundaments:
"More hawkish than expected is good for currency"
Why traders care? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates;
If the guiding principle in real estate is "location, location, location" in FX it is "interest rates, interest rates, interest rates"
Have fun
Herac
-if u like it give me your support and press that like button, i would appreciate it
TA: Uptrend breakdown, RSI give us opportunity for selling, doji (reversal candle). Most probably we will see pullback so don´t put your SL too tight.
EURUSD Break uptrend and we are looking for downtrend after good news for USD, search for FOMC Meeting Minutes
Fundaments:
"More hawkish than expected is good for currency"
Why traders care? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates;
If the guiding principle in real estate is "location, location, location" in FX it is "interest rates, interest rates, interest rates"
Have fun
Herac
-if u like it give me your support and press that like button, i would appreciate it
Trade active
More information: 1. At the meeting, central bankers raised their median estimates for U.S. growth to 2.7 percent for 2018 from 2.5 percent projected in December.
2. They also saw the jobless rate falling to 3.6 percent by the end of 2019, further below their 4.5 percent estimate of unemployment’s long-run sustainable rate. The rate was 4.1 percent in March, holding at the lowest since 2000.
3. A number of participants indicated that the stronger outlook for economic activity, along with their increased confidence that inflation would return to 2 percent over the medium term, implied that the appropriate path for the federal funds rate over the next few years would likely be slightly steeper than they had previously expecte.
Trade active
Lock in some gains guys. You can use trailing SL. If your broker does not support this tool, once you reach higher price, move your SL manually (10-20 pips above the actual price) to lock in your profits. Let your winning position run.
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