Price is currently consolidating in a 'flag' pattern before the FED FOMC meeting later.
Such 'patterns' often indicate a potential build up for another impulsive move.
We will be looking for opportunities to short the Dollar for this FOMC meeting.
*Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Such 'patterns' often indicate a potential build up for another impulsive move.
We will be looking for opportunities to short the Dollar for this FOMC meeting.
*Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.