AFTER FOMC MEETING, IT IS LIKELY THAT THE FED WILL INCREASE THE FED FUNDS RATE IN JUNE, WHETHER OR NOT THE FOMC WILL ACTUALLY DO, THE MARKET'S EXPECTATION IS THAT IT IS HIGHER CHANCE FOR THE FED TO RAISE THE RATES, SO BUY LOW COULD BE AN OPTIMAL CHOICE, AT LEAST UNTIL EARLY OF JUNE, THEN WE COULD WAIT AND SEE THE OUTCOME OF FOMC MEETINGS.
MOREOVER, IF THERE IS SOME RESISTANCE OF WTI OIL PRICE AT THE LEVEL OF 50 USD / BARREL, THEN THE PERFORMANCE OF MYR WILL ALSO BE NOT SO GOOD.
TRADE IDEA:
BUY AT NEAR 4.0596
SL NEAR 4.02
TP1 4.1624
TP2 4.2414
MOREOVER, IF THERE IS SOME RESISTANCE OF WTI OIL PRICE AT THE LEVEL OF 50 USD / BARREL, THEN THE PERFORMANCE OF MYR WILL ALSO BE NOT SO GOOD.
TRADE IDEA:
BUY AT NEAR 4.0596
SL NEAR 4.02
TP1 4.1624
TP2 4.2414
Comment:
buying at low if there is a clear bullish reversal near the support
Comment:
An uptrend seems to continue after testing 4.0580, can look for long opportunity towards 4.1624
An uptrend seems to continue after testing 4.0580, can look for long opportunity towards 4.1624
Comment:
First target reached, close half position and hold another hafl position with its SL adjusted to 4.08000
Trade closed: stop reached:
Another half long position closed because stop loss at level 4.08000 is hit.