Good Afternoon traders,
Yesterday during FOMC, we saw around 100 pips movement in EURUSD which swept a lot of liquidity from many accounts in the market. The volume tells us that buyers are in play and therefore we expect to buy at a good price as marked in the chart above
However this doesnt mean that you sell now until our buy entry. EURUSD can decide to carry on higher without activating our Buy trade.
If it carries on higher, we would get a sell entry instead of buy
We will keep you all posted
NOTE: NO BUY LIMITS SET YET. We are observing on how it reacts. EURUSD can take out the asian session low and then start rising
Yesterday during FOMC, we saw around 100 pips movement in EURUSD which swept a lot of liquidity from many accounts in the market. The volume tells us that buyers are in play and therefore we expect to buy at a good price as marked in the chart above
However this doesnt mean that you sell now until our buy entry. EURUSD can decide to carry on higher without activating our Buy trade.
If it carries on higher, we would get a sell entry instead of buy
We will keep you all posted
NOTE: NO BUY LIMITS SET YET. We are observing on how it reacts. EURUSD can take out the asian session low and then start rising
Comment:
Trade closed manually:
Breakeven hit during asian session
+0.00%
+0.00%
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