EURUSD Trading plan ahead of the Fed Rate Decision

The pair has turned neutral within this Triangle pattern, trading sideways around the 4H MA50 (blue trend-line) as the market went into speculation mode ahead of Wednesday's critical Fed Rate Decision. Until then, short-term scalping inside the Triangle is the best option, for as long as it lasts. If the Triangle breaks to the upside, then our target will be the 1.618 Fibonacci extension = 1.14300 (which will also make a perfect Higher High on the Channel Up). If the Triangle breaks to the downside, our target will be the -0.618 Fibonacci extension = 1.11500.

--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------

TradingShot

👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot

🔥New service: next X100 crypto GEMS!

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.

TradingShot

Also on: