UPDATE: Possible HUGE MOVE Coming!
A month ago, I posted that there was a possible HUGE MOVE coming in this pair. Despite the fact that there was an almost imminent rate hike to come and that should've sent this pair skyrocketing, the chart was saying otherwise. If you were trading on fundamentals, then you got caught pants down!
Here's what I posted a month ago WITHOUT the benefit of knowing what would happen with the rate hike:
Now look at the DAILY chart above I just posted and you'll see that post-FOMC, we got the drop I was predicting instead of a shot up as fundamentals would have you believe would happen. Post-FOMC, this has already dropped over +250 pips! Is there more to come? I believe so. MUCH more but don't expect a straight drop down. This corrective wave may not yet be done. But if you believed me and did what I was suggesting, you are in a good spot!
Here's what I posted a month ago WITHOUT the benefit of knowing what would happen with the rate hike:
Now look at the DAILY chart above I just posted and you'll see that post-FOMC, we got the drop I was predicting instead of a shot up as fundamentals would have you believe would happen. Post-FOMC, this has already dropped over +250 pips! Is there more to come? I believe so. MUCH more but don't expect a straight drop down. This corrective wave may not yet be done. But if you believed me and did what I was suggesting, you are in a good spot!
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Twitter: @andrewefxselect
Website: efxselect.com
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