Pink dashed lines are levels where I would like price to play resistance bounce and trade onto the downside towards the previous day EQ & taking out the lows then to the structure low 110.241. I'll like to see clear rejection from the pink zone (Breaker) to get involved but right now I am sitting on my hands.
Comment:
Annotations on chart shows the price action over night. Still believe price will eventually take out the lows & structure low 110.241
Trade active:
As a result of the FOMC minutes report, the dollar started to weaken causing many pairs to rally & decline against the USD pairs. Entered this trade as the 15M OB held & price traded back into the breaker zone with the result of the minutes report coming out clear indications that price will break through this zone & the previous day EQ. Targets are still the same - lows to get taken out as well as the structure low 110.241
Comment:
The chart I wanted posted!
As a result of the FOMC minutes report, the dollar started to weaken causing many pairs to rally & decline against the USD pairs. Entered this trade as the 15M OB held & price traded back into the breaker zone with the result of the minutes report coming out clear indications that price will break through this zone & the previous day EQ. Targets are still the same - lows to get taken out as well as the structure low 110.241
As a result of the FOMC minutes report, the dollar started to weaken causing many pairs to rally & decline against the USD pairs. Entered this trade as the 15M OB held & price traded back into the breaker zone with the result of the minutes report coming out clear indications that price will break through this zone & the previous day EQ. Targets are still the same - lows to get taken out as well as the structure low 110.241
