Like always FOMC gave the markets LOTS of volatility.
To me, DXY looks bullish after the FOMC. We took the stops and shot right back up making a breaker on the 1h. that breaker is in line with a 1h/4h S/R line to.
So you could long that SR/Breaker level or you could wait for more confirmation and look for longs above the orange line on the chart which is a Daily S/R level. This would also be a great level to add to your dollar longs if you got in on that breaker.
When am i wrong? When it trading and closing under that 1 hour S/R level. We also got NFP coming on Friday but last time FOMC and NFP were in the same week NFP did not do much. So let's see if its the same this time.
To me, DXY looks bullish after the FOMC. We took the stops and shot right back up making a breaker on the 1h. that breaker is in line with a 1h/4h S/R line to.
So you could long that SR/Breaker level or you could wait for more confirmation and look for longs above the orange line on the chart which is a Daily S/R level. This would also be a great level to add to your dollar longs if you got in on that breaker.
When am i wrong? When it trading and closing under that 1 hour S/R level. We also got NFP coming on Friday but last time FOMC and NFP were in the same week NFP did not do much. So let's see if its the same this time.