Today is the day when we expect the Interest Rate decision for the USD.
It doesn't matter if there will be any changes, we're still expecting some moves.
Because of the news and how risky and unpredictable they are, we suggest looking for an entry only when the news are over!
We think that there is a higher probability that the downtrend will continue.
If, during the news we see price going up to around 1,1400 in the first minutes and then rejecting those higher levels, then that would be a good sell signal.
Quite often, during news you can see how price leaves long wicks in a certain direction to take out the retail traders and it then reverses.
That's exactly what we're expecting to see today, and we have to be patient because we don't know in which direction that wick will occur.
The only thing that's sure is that there will be a lot of volatility and that our analysis tomorrow will look at the potential opportunities after the news.
Good luck!
It doesn't matter if there will be any changes, we're still expecting some moves.
Because of the news and how risky and unpredictable they are, we suggest looking for an entry only when the news are over!
We think that there is a higher probability that the downtrend will continue.
If, during the news we see price going up to around 1,1400 in the first minutes and then rejecting those higher levels, then that would be a good sell signal.
Quite often, during news you can see how price leaves long wicks in a certain direction to take out the retail traders and it then reverses.
That's exactly what we're expecting to see today, and we have to be patient because we don't know in which direction that wick will occur.
The only thing that's sure is that there will be a lot of volatility and that our analysis tomorrow will look at the potential opportunities after the news.
Good luck!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
