Yesterday FED raised the Interest Rates by 0.75% instead of 0.5%.
Despite that, our expectations were right and we saw a wick to the downside followed by a move up.
It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615.
The market will confirm our idea once it breaks above 1,0470. That's when we will be able to determine specific levels where price will eventually go next.
Right now, long positions are risky and not confirmed.
Despite that, our expectations were right and we saw a wick to the downside followed by a move up.
It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615.
The market will confirm our idea once it breaks above 1,0470. That's when we will be able to determine specific levels where price will eventually go next.
Right now, long positions are risky and not confirmed.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
