I have a Bearish Bias on this Pair. Trading Structure and momentum on this Channel. Check first Chart in Description to See what I'm looking at.
Also, Included in the Description are two charts from Days Feb 1st ( Interest Rated Decision) and Feb 7th ( Fed Powell Speech ) These Charts , when compared and contrasted , are not much different. Actually they are quite the same. After news create initial volatility, Price is corrected nearly to the same price in which it begun shortly after, it may take 1-2 trading sessions or it could take only 1-2 hours. All relative.
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Clean candles to the left hand side that we could Mirror down to 1.054
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Doesnt not matter if It is a 15m chart or a 1m chart. This concept is something that reoccurs. + can be anticipated in the future. Something to be aware of next time we have price spikes based off news