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Euro / U.S. Dollar
Short
Updated

EURUSD Short: Continuation after FOMC Dud

584
Hey traders, not a whole lot of volatility after the FOMC minutes. I like the rejection of the dollar weakness afterwards and the price action says a nice R/R is in order short from here. Targeting larger pattern .382 retracement with SL above MA cluster. Cheers
Note
For what it's worth, here's a brief EW breakdown on the 1m chart. The bearish impulse is the price action which triggered my short.
snapshot
Note
1m Update: Looks as though correction may be complete
snapshot
Trade active
Trade closed: stop reached
Eyes are now on the BOE rate decision and monetary policy discussion. Cheers
glennmercer
Also on:
Chart PatternseuroEURUSDglennmercergmercerfxTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternseuroEURUSDglennmercergmercerfxTrend Analysis
glennmercer
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.