Possible short trade opportunity

This looks like a possible C wave short trade set up. Bear in mind tomorrows FED interest Rate decision and statement which is expected to be Dovish. If that is the case then this pair could push higher. If you decide to go with the technical trade set up wait for the break down before getting involved .

I'll up date this idea as it develops

This is not investment advice

Steve Nixon

Trainer & Mentor @logicfxtrading

Kommentera:

We've had a nice push down as expected. I'm looking for a C wave here so it should be a motive wave - one word of caution - we have a FED interest rate decision today so make sure you stops are tight in case we get a reversal

Kommentera:

As I warned the Fed continue with their dovish stance and the USD fell as a result. Prior to the decision this pair pushed down so hopefully any of you who opened a trade managed to get your stop to zero or at least very tight. The push up did not fit with my trading rules so I'm not concerned about musing it. Now we have to see where price goes next and possible long trade set ups