XAUUSD - Price trading inside strong bearish. Short entry with 4 confirmations.
The dollar finished Wednesday higher across markets following a volatile American session. The Fed was behind the wild moves, as the central bank delivered as expected, but Powell surprised with a hawkish speech. The central bank pulled the trigger by 75 bps, and the accompanying statement suggested policymakers would soon slow the pace of QT. The greenback plummeted to fresh weekly lows against most major rivals as investors rushed to price in a 50 bps rate hike in December. Short entries suggested with the idea of closing all positions before the upcoming NFP.
TP - Green Zone
SL - Red Zone
✅ Price below EQ Cloud
✅ Trend catcher
✅ Trend Tracer
✅ Repainted Trendline Broken
The dollar finished Wednesday higher across markets following a volatile American session. The Fed was behind the wild moves, as the central bank delivered as expected, but Powell surprised with a hawkish speech. The central bank pulled the trigger by 75 bps, and the accompanying statement suggested policymakers would soon slow the pace of QT. The greenback plummeted to fresh weekly lows against most major rivals as investors rushed to price in a 50 bps rate hike in December. Short entries suggested with the idea of closing all positions before the upcoming NFP.
TP - Green Zone
SL - Red Zone
✅ Price below EQ Cloud
✅ Trend catcher
✅ Trend Tracer
✅ Repainted Trendline Broken
Comment:
Took partials, 40 pips immeidately!!!
Comment:
Short term support broken, next test at support region 1620 region.
Trade closed manually:
Hanging by the resistance and reversal zone, decided to close all earlier to be safe.
Comment:
What a waste, should have stuck to ultimate TP.