Buying at 120.460 prior to the FOMC, prices went up from there, completed the , reached EXACTLY up into the upper TL of the triangle and then took a nosedive right down to the bottom TL of the triangle and is now consolidating there. Both these trades combined has yielded +172 pips so far. The BUY trade yielded +52 pips and the SELL trade upon the completion of the and the triangle so far has yielded +120 pips.
MY TRADE PLAN
Although I had not the chance to update anything prior to the FOMC and post it here, I had closed the LONG trade prior to the FOMC and set a SELL stop at 120.900. I did this as a precaution following this scenario. So now, I am SHORT on this pair and will be holding this SHORT position as I am anticipating more downside to go in a wave 5.
I'll continue to post here on trades as I see fit to publish publicly and as I have time to do so. Thanks!
But it is also precisely one of the reasons that I would struggle with the proper pricing for any such public service I would provide. I do not want people who can barely afford to trade to join my service as I do not want to be responsible for anyone losing their house or not being able to feed their family because of a few bad trades! And there will ALWAYS be losing trades!
Well, good luck and hoping for the best for you and everyone!