Pair may go sideways waiting for FOMC tomorrow
Price is technically in an up-trend position because it has not swung below ma's in last 30 bars
If it is going to be a trend then price should make a higher high
If not, then price should drop below both ma's and fall towards the range bottom
Watch Macd for direction
Bullish trend trade
Range top breakout
Buy Stop 1.1860
Take Profit 1.1925
SL below Range top
Bearish Range trade
Price fall below both ma's
Sell Stop 1.1698
Take Profit 1.1632
SL above 100 sma
Price is technically in an up-trend position because it has not swung below ma's in last 30 bars
If it is going to be a trend then price should make a higher high
If not, then price should drop below both ma's and fall towards the range bottom
Watch Macd for direction
Bullish trend trade
Range top breakout
Buy Stop 1.1860
Take Profit 1.1925
SL below Range top
Bearish Range trade
Price fall below both ma's
Sell Stop 1.1698
Take Profit 1.1632
SL above 100 sma
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