Trade background:
Price retreated from key resistance level last week. This validates the current bearish trend we're in. Nevertheless, price could spike to the final resistance level of the trend. This is very possible as FOMC is just a few days away. Therefore, look for the pair to spike for a short position following the bearish trend.
Trade Details:
Positioning: Short
Time frame: Daily
Length of Trade: 2 days to 1 week
Entry: Between 0.99700 - .99800
Stop: 1.0000
Exit: 0.98250
Price retreated from key resistance level last week. This validates the current bearish trend we're in. Nevertheless, price could spike to the final resistance level of the trend. This is very possible as FOMC is just a few days away. Therefore, look for the pair to spike for a short position following the bearish trend.
Trade Details:
Positioning: Short
Time frame: Daily
Length of Trade: 2 days to 1 week
Entry: Between 0.99700 - .99800
Stop: 1.0000
Exit: 0.98250
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.
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.