After yesterdays FOMC alot of Bulls left the USD markets for fears of tight policies to control inflation, but lets not forget the basics of simple technical analysis, we see a reversal pattern which is the famous head and shoulders pattern presenting a good buying spot in conjunction with a bullish RSI divergence,.. from exprience I have come to an extrapolative conclusion that fundamental or news always drives dynamic volatility but in the end respect technical analysis,. Manage risk and make many pips.
Comment:
The first take profit just got hit.. waiting for the second target