The wait-and-see strategies of developed countries will be priced by the FED. What does this mean? Compared to other countries holding interest rate cuts and subsequent movements, the FED will reduce the interest rate by only 25 percentage points to prepare the market for further interest rate cuts. FED descriptions will help for our goals. The point to be considered; the next move is the ABC movement ! This mean if you have an long position, your stoploss must be at 1411 or below. This could be a high risk. So i ll wait for the 1450 - 1465 area to short this... NOTE: Guys nobody warned me yesterday's chart was wrong :) Pls tell your idea about the chart so we can see it more clearly...
Comment:
As i say i will wait the short it from 1450 - 1465 area ;)
Trade active:
Ok i can try it now. I m selling it a little. Stoploss: i ll watch it manually. Market Price: 1430.87
Trade closed manually:
Firts TP of the day. I will wait for the FOMC now. I will find a good place to buy it now. Closed : 1422.87