Based upon assumptions.
1. FED will soon be cutting interest rates.
2. Will be selling on resistance, taking a chance.
3. No clear TP, assuming it will bounce from resistance and and i will manage after entry. As high chance that seller will enter at the resistance level
1. FED will soon be cutting interest rates.
2. Will be selling on resistance, taking a chance.
3. No clear TP, assuming it will bounce from resistance and and i will manage after entry. As high chance that seller will enter at the resistance level
Note
I will write an update on this after two weeks. Trade active
Trade executed, the price hovers around the resistance. similar to my USDCNH trade, what keeps me in the trade. 1. resistance zone.
2. chatter that fed will cut its rate in september.
let see how it unfolds.
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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.