**Daily**:
- As per last analysis, the price slightly rebound off the 200 EMA and find its resistance at 1.1980 level.
- the price is making lower high and lower low.
**4H**:
- The market is in a low volatility situation.
- A downwards trendline is formed
- previous 1.191 support level has broken and currently retesting it.
-recent candle shows bearish pinbar
**What to do now? When to sell?**
- my bias is towards selling the pair around 1.19 area since the price is well respected to the trendline, or,
- Do notice that the pair is currently in a low volatility market. we can wait for more liquidity to come in the pair for the sense of certainty.
Pls do your own risk management before trading! Good luck!
- As per last analysis, the price slightly rebound off the 200 EMA and find its resistance at 1.1980 level.
- the price is making lower high and lower low.
**4H**:
- The market is in a low volatility situation.
- A downwards trendline is formed
- previous 1.191 support level has broken and currently retesting it.
-recent candle shows bearish pinbar
**What to do now? When to sell?**
- my bias is towards selling the pair around 1.19 area since the price is well respected to the trendline, or,
- Do notice that the pair is currently in a low volatility market. we can wait for more liquidity to come in the pair for the sense of certainty.
Pls do your own risk management before trading! Good luck!
Trade closed: stop reached:
The FOMC outcome was not in expectation to our direction. we can choose to re-enter now for expecting market recovery and resistance area during the london session
Comment:
Congratz to those who re-enter the market to sell!
