Instead of waiting for the full retracement to the green line, I believe now that we will chop until the red and yellow moving averages converge (aligning our trade idea with the time til FOMC decision). I recommend not entering any trades until this convergence.
Trade wurde manuell geschlossen:
Looks like our short case failed.
Trade ist aktiv:
I may have jumped the gun with that last update... The candle breakout was false and our short play is still in tact.
Kommentar:
Price is bouncing downwards... very possible we can revisit February lows.
Kommentar:
Expect to chop until tmrw before further drop. Protect your profits with stops.