FREE

Get The Ultimate Guide to Price Action Trading

  • How to decode what the markets are telling you so you can identify high probability trading setups—consistently and profitably
  • How to identify hidden strength and weakness in the markets so you can “predict” market reversals before the crowd
  • A simple trading strategy that allows you to profit in bull & bear markets (without any indicators)
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-color-0)","hsl":{"h":20,"s":0.99,"l":0.01}}},"gradients":[]}}]}__CONFIG_colors_palette__
Yes, Give it to me

A Look At The Majors Before FOMC 

 October 29, 2014

By  Rayner

We have FOMC statement coming out later which could either continue the Dollar uptrend or potentially reverse from here.

I do not know how FOMC will impact the market, but I will stick with the trend till it ends.

So here’s some key levels of the majors that I’m looking at.

uj

nu

gu

eu

cad

au

Among the majors, I would favor a short on EURUSD and long USDJPY as it’s relatively weaker compared to the rest.

Good Trading!

  • Great chart analysis only 1 line can tell almost everything in the chart.really like the chart it is totally clean and self explanatory.

    Thanks for the heads up I was also wanted to go short on EU and NU but missed it, manged to get short entry on AU and closed with 100 pips.

  • {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
    >