Just a quick trade here, looking at the swing high to swing low made after FOMC, using fib retracement I have shorted from the 0.382. The reason why I have taken this trade is the risk/reward is 1:3, it also takes very little amount of pips for me to be wrong.
Best of luck traders
-TK
Best of luck traders
-TK
Trade closed: target reached
Excellent trade, managed to run the tp lower to 1.13 after seeing the reaction off of the data and the 0.5 fib. Back to work we go.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.