Hi Traders,
Looking at the HTF we can see a falling wedge pattern with a few swing highs and swing lows which we are also approaching the upper boundary. Price may get rejected and push down one more time, however in my opinion we might get a breakout and LTF continuation to generate more weakness for the USD from the emergency FED meeting tomorrow.
Wait for confirmation before taking a position. Follow your trading plan!
Comment below and let me know what your view is on this pair! Support me by clicking the like button if you feel this has helped you!
Looking at the HTF we can see a falling wedge pattern with a few swing highs and swing lows which we are also approaching the upper boundary. Price may get rejected and push down one more time, however in my opinion we might get a breakout and LTF continuation to generate more weakness for the USD from the emergency FED meeting tomorrow.
Wait for confirmation before taking a position. Follow your trading plan!
Comment below and let me know what your view is on this pair! Support me by clicking the like button if you feel this has helped you!
