RiccardoAnnoni

USD lose so much terrain in face of tomorrows FOMC

FX:AUDUSD   Australian Dollar / U.S. Dollar
16 0 0
I took AUDUSD             for example, but today everybody slapped USD on its face!

Of course, dear traders, we dont blink as we were sitting and waiting for a bearish sign to come, instead AUDUSD             rose 150+pips and is facing a stiffer resistance at 0.805.

And now what? I would be buyer at a close above 0.81 and would sell if close below 0.79 but anyway.... lets force the market play white and see how he opens the game with tomorrow's candle.
FOMC is such a strong new that we have to wait for it to have a clue of what is going on.

Selling right now is simply too simple and too stupid, while buying after such a huge move could end on a bullish trap.


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