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 chiuso: obiettivo raggiunto:
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.