FED Meeting Today, Coincidence they made a Bear trap? eurusd
What a lovely trade this has been :) As you know from the previous analysis, i made a counter trade Sunday night. Read about it in the previous analysis. I still have 70% of my long pos left here and i will keep it. Later today we have a FED meeting, which can cause the price to move very big coming days. Now i am wondering, was that bear trap done by people who already know what the FED meet will cause on the price? I think the pro's loaded up big time the past weeks with the final batch with the bear trap break of the triangle.
I am going to risk my profit here (already sold 30%), because we can see some huge wicks happen around the FED meeting. The bullish wedge on the left is still in play, so that could cause a long term rally. It all seems to fit the picture so for me it's worth the shot :)
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Previous analysis:
I am going to risk my profit here (already sold 30%), because we can see some huge wicks happen around the FED meeting. The bullish wedge on the left is still in play, so that could cause a long term rally. It all seems to fit the picture so for me it's worth the shot :)
Please don't forget to like if you appreciate this :)
Previous analysis:
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