UPDATE : FOMC SCRAMBLED THE MARKET.
TURNING TO MY EURGBP SELL TRADE NOW.
SELL ON RETRACEMENT @ 50% FIB.
D1 BEARISH ENGULFING SPOTTED.
H4 BEARISH REJECTION PATTERN AT 61.8% FIB
WITH LOWER LOW AFTER DOUBLE TOP AT 61.8% FIB.
50 SMA AND 20 SMA CONFLUENCE AT 50% FIB.
NZDUSD FORMING A SIMILAR TRADE SETUP HOWEVER WITH LOWER RISK REWARD.
ENTER SELL AT 50% WITH STOP ABOVE 61.8% AIMING FOR 87.6.
NOTE: THIS IS A HIGH PROBABILITY TRADE AS D1 AND H4 AND MAs CONFLUENCE ARE PRESENT.
I WOULD SELL ON TOUCH.
TURNING TO MY EURGBP SELL TRADE NOW.
SELL ON RETRACEMENT @ 50% FIB.
D1 BEARISH ENGULFING SPOTTED.
H4 BEARISH REJECTION PATTERN AT 61.8% FIB
WITH LOWER LOW AFTER DOUBLE TOP AT 61.8% FIB.
50 SMA AND 20 SMA CONFLUENCE AT 50% FIB.
NZDUSD FORMING A SIMILAR TRADE SETUP HOWEVER WITH LOWER RISK REWARD.
ENTER SELL AT 50% WITH STOP ABOVE 61.8% AIMING FOR 87.6.
NOTE: THIS IS A HIGH PROBABILITY TRADE AS D1 AND H4 AND MAs CONFLUENCE ARE PRESENT.
I WOULD SELL ON TOUCH.