Tomorrow we have FED Interest rate decision.
This will be an important event which will bring loads of volatility and it will determine future price moves.
That's why, right now we should use less risk and not rush into any trades.
Technically speaking, it looks like the next move should be to 1,1500. In this case, we shouldn't see market above previous high and the level of 1,1700.
If we see price reversing at around current levels or higher, we could look for short entries but with less risk if it is before the news.
It is recommended to move your stops to breakeven as soon as possible. That's why the entry is so important.
This will be an important event which will bring loads of volatility and it will determine future price moves.
That's why, right now we should use less risk and not rush into any trades.
Technically speaking, it looks like the next move should be to 1,1500. In this case, we shouldn't see market above previous high and the level of 1,1700.
If we see price reversing at around current levels or higher, we could look for short entries but with less risk if it is before the news.
It is recommended to move your stops to breakeven as soon as possible. That's why the entry is so important.
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❓ 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
