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jlferren

WILL NOT TRADE! Wondering if FOMC will push AUDUSD down at 2pm

Short
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
jlferren Updated   
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis
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trendanalysis
I see a fair value gap around .72000 that needs to be filled and an order block around .71500 that has not been filed since October of 2020. I wonder if the fomc news will be used to push price down aggressively. and tap one or both objectives. I'm not trading this idea since FOMC can be so unpredicatble, but it's always interesting to see how things play out. We shall see if I'm right on my bearish theory...
Comment:
and that's exactly why I don't trade FOMC lol As you can see it shot up and stopped out any sellers that may have been in the vacinity. Interesting move tho... We'll see if tomorrow price will continue to the downside to finish out the week.
Trade closed: stop reached:
closing out this idea... not traded...
Comment:
Wanted to revisit and say that it played out the way I said it would... just took quite a while. Very interesting to see tho... Nice buy up from the weekly order block
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