Last week it was "impossible to call a short" on eurusd, after the completion of our ABCD (see below) the market was strong oversold, so it was more reasonable to think of going long or remain flat. Have you done this? Well, we are happy about that, and we hope that our latest idea (see below), has helped you in making a decision. With 4 monetary policy announcements (from US, Japan, UK and Australia), we expect a "perfect storm" next week, so if you have in mind a clear strategy (entry, sl and tp), there will be many opportunities for trading, thanks to the increase of volatility waiting, on the contrary , we recommend you stay out of the game for at least the next one or two weeks (November 8 election day in the US).
ABCD IN DEVELOPMENT
OUR LAST IDEA/SETUP
Do not be a sheep, you always think and reason with your head!!!!!! Thank you for your support and trade with care!
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TODAY'S RISK EVENTS: EU CPI and EU GDP
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We are awaiting the FOMC rate announcement, which will be released tomorrow. We expect a lot of volatility on US dollar, although, most likely the Fed will wait for December to raise interest rates, but the stop hunters (Market Maker Brokers) will be ready for this event! Traded with caution !!
This was our setup (reserved for our subscribers), and fortunately we can easily manage our position with trailing stop or stop in BE, but that will decide this afternoon, before "opening bell".