OVERALL IT IS MORE PROBABLE TO TAKE A SHORT WITH A BETTER RR, FUNDAMENTALLY & TING. SO I WILL JUST BE LOOKING FOR SHORTS. CBA WITH LONGS BECUZ WILL BE LOOKING AT OTHER PAIRS.
HOW TO TRADE THIS:
At 18.00 we have the interest rate decision. If the rate is low US30 will rally & will look at the h4 Resistance to create a triple top & will execute then. In my SHORT ZONE.- along with my fundamental validation.
However if i see a strong candle close above the zone my idea will be invalidated and i will be ok with that. & will go to 273.00- along with fundamental validation.
Price is around strong HTF resistance. Strong seller zone around 271 & 272. (create the weekly wick).
Along with fundamental validation will be anticipating and IMPULSIVE move down.
To keep it simple i will only be looking to SHORT.
VALIDATION: +strong US data +trade relief +good company & performance
VALIDATION: -weak data -trade tensions - geo political tensions