Wave-Trader
Short

EURUSD Sell breakout during FED rate decision

OANDA:EURUSD   Euro / U.S. Dollar
Hi there,

EURUSD is forming very nice correction. We are expecting one more drop and buy again from bottom.


How you can trade on this chart.


Watch for the breakout during the FED rate decision and join the sell.


In case price dont breakdown and close above the previous high sharply then it will invalidate the sell setup.


Good Luck
Comment:
tks for sharing
this is my chart
Reply
close above invalidation on 1h, then retracement below, don't know if I should go long or short, looks like a short right now to me, but I will pass it, not so clear
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Waxxx Lionheart-EWA
@Lionheart-EWA, Now that's a decent analysis.....
+1 Reply
Here's what I think:
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nice I'm seeing a long on this at the moment on higher timeframe...

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ReallyMe zorrays
@zorrays, agree. despite ECB eyeing rate cut and buying more bonds and Draghi sending the Euro sharply lower in a speech yesterday. the trend has been reversing regardless. the upcoming FOMC Press Conference is likely already priced in.
Reply
wow.. nice.. so you are also expecting a no change rate from FED?
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