Like we said already, today is FED Interest Rate decision.
This will definitely cause some moves.
Here's what you need to look for before you enter a trade.
Direction: there is a higher probability for a strong USD, therefore we should see a new low on EURUSD. However, we should not sell right now!
Levels: The support levels are 0,9878, followed by 0,9800 and in case of a breakout then 0,9685 will be next.
Entry: There are a few ways to enter but the best one would be if we see a rejection wick above the previous highs. That wick should have formed after the news.
You need those 3 things before every trade. Everything else is money management and confidence (psychology) in your position.
In case of an upside move then we are not looking to enter a trade today!
This will definitely cause some moves.
Here's what you need to look for before you enter a trade.
Direction: there is a higher probability for a strong USD, therefore we should see a new low on EURUSD. However, we should not sell right now!
Levels: The support levels are 0,9878, followed by 0,9800 and in case of a breakout then 0,9685 will be next.
Entry: There are a few ways to enter but the best one would be if we see a rejection wick above the previous highs. That wick should have formed after the news.
You need those 3 things before every trade. Everything else is money management and confidence (psychology) in your position.
In case of an upside move then we are not looking to enter a trade today!
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
