Tomorrow we have FED Interest rate decision.
This will be an important event which will bring loads of volatility and it will determine future price moves.
That's why, right now we should use less risk and not rush into any trades.
Technically speaking, it looks like the next move should be to 1,1500. In this case, we shouldn't see market above previous high and the level of 1,1700.
If we see price reversing at around current levels or higher, we could look for short entries but with less risk if it is before the news.
It is recommended to move your stops to breakeven as soon as possible. That's why the entry is so important.
This will be an important event which will bring loads of volatility and it will determine future price moves.
That's why, right now we should use less risk and not rush into any trades.
Technically speaking, it looks like the next move should be to 1,1500. In this case, we shouldn't see market above previous high and the level of 1,1700.
If we see price reversing at around current levels or higher, we could look for short entries but with less risk if it is before the news.
It is recommended to move your stops to breakeven as soon as possible. That's why the entry is so important.
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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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.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
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.