Today at 8.30pm, there will be US news. On Forex Factory and Investing.com, those news are considered low/medium impact.
However, MyFXBook, they are considered High Impact. So if you're using Prop Firm accounts, do be mindful.
I'm currently already in a short position on the H1 Candle with the arrow, I sold at the Breakout.
From Price Action perspective on the LTF, price could retest the support which is the lower part of the range.
For this morning price movement downwards, I've also used the Fibonacci Retracement tool to mark out the 50% mark.
That extension move seem to have created a liquidity area to be taken which can be used as the fuel required for a further downward push.
A conservative short idea would be the first one that gives a 1:2R trade.
The second one risks a tighter stop but gives a possible 1:5R trade.
However, MyFXBook, they are considered High Impact. So if you're using Prop Firm accounts, do be mindful.
I'm currently already in a short position on the H1 Candle with the arrow, I sold at the Breakout.
From Price Action perspective on the LTF, price could retest the support which is the lower part of the range.
For this morning price movement downwards, I've also used the Fibonacci Retracement tool to mark out the 50% mark.
That extension move seem to have created a liquidity area to be taken which can be used as the fuel required for a further downward push.
A conservative short idea would be the first one that gives a 1:2R trade.
The second one risks a tighter stop but gives a possible 1:5R trade.
Note
This is mean for learning, not trade signals. Trade closed: target reached
The move was generated by US Federal rates and FOMC. 
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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.