HI,
Last FOMC release with a "no change" about interest rate has surprised nobody.
Market had already priced in and expected news don't change the trend.
That's said, DXY is still in a wide range between about 93 and 100 since February 2015 with a monthly support at 94.7. As long as we are in this range, a good option is to buy the low and sell the high of this range.
A gartley bullish completed at 94, on mid-august, is still in play and hitted its first TP (0.618 of AD).
For now, i'm expecting that dxy reaches 94.7 / 94.6 in the next 3 days where are located 2 bullish patterns (see chart) and supply zone.
I will check on stochastic for any bullish divergence in order to secure and confirm this trade.
If so, i will go long to target 98
Last FOMC release with a "no change" about interest rate has surprised nobody.
Market had already priced in and expected news don't change the trend.
That's said, DXY is still in a wide range between about 93 and 100 since February 2015 with a monthly support at 94.7. As long as we are in this range, a good option is to buy the low and sell the high of this range.
A gartley bullish completed at 94, on mid-august, is still in play and hitted its first TP (0.618 of AD).
For now, i'm expecting that dxy reaches 94.7 / 94.6 in the next 3 days where are located 2 bullish patterns (see chart) and supply zone.
I will check on stochastic for any bullish divergence in order to secure and confirm this trade.
If so, i will go long to target 98
Trade closed: target reached:
Didn't get my entry point as expected, but got a long at 95.7 close now at 97.5
Trade closed: target reached