Trade at breakout (ZR)
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Dear Trader,
Today, There is a possibilty (94%) of interest rate hike by fed at 11:30 (GMT+5:30).
I have drawn two trend lines on EURUSD chart which represents one for divergence and second for support [(1.0568)(76.4% fib retracement level)]. If these trend lines breaks then we will go for short and take target on green line (previous low).
There is another possiblity of price go long if inerest rate came lower than consensus then price test the support line and pullback.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck
Regards,
Growing forex Team
Today, There is a possibilty (94%) of interest rate hike by fed at 11:30 (GMT+5:30).
I have drawn two trend lines on EURUSD chart which represents one for divergence and second for support [(1.0568)(76.4% fib retracement level)]. If these trend lines breaks then we will go for short and take target on green line (previous low).
There is another possiblity of price go long if inerest rate came lower than consensus then price test the support line and pullback.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck
Regards,
Growing forex Team
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