For that reason I will not trade this as a traditional but I will consider it a structure trade. The difference ? For a traditional trade, my stop loss should go above X (which is 120 pips from where we are now). Treating it as a structure trade allows me to put the stop loss a lot closer to where we are now. It still is a risky trade knowing the spikes the FOMC can cause though ...
As always, trade my ideas at your own risk ... but most of all, before you do, perform your own analysis on it to check if it meets your trading plan !
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