ILSUSD trade ideas
USDILS - Another rate cutYesterday, Bank of Israel cut rates again, joining the rates war that has been going on. I outlined on the weekly chart what happened last time when there was a rate cut in Israel. I don't think this time we will see such a strong rally, but I think a test of at least 4.1 is likely.
I entered long on the close yesterday, and I believe that every dip on the H4 chart is a buying opportunity, especially after a breakout above 4, which has been a hot level these last few weeks.
