For the last 4 days, the daily candle ranges didn't exceed 5 Average Daily Range. In the last 240 days, the largest volatility-decreasing sequence lasted 7 days and isn't at all common. I think it is quite likely, that we will see an above 100% expansion now.
If it goes higher during the news, I would fade this event and hold the trade at least until today's close (as EURUSD and GBPUSD or another major pair).
I don't have any plan for USD going lower during news and will not trade such an event.
If it goes higher during the news, I would fade this event and hold the trade at least until today's close (as EURUSD and GBPUSD or another major pair).
I don't have any plan for USD going lower during news and will not trade such an event.
Note
I might choose to take a trade here if the price consolidates for a few moments.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.