Based on the gap and price action, and also in line with current crude oil strength, this pair still has room to go down to 1.30 before possibly bouncing up again tomorrow. Entering a short stop order and monitoring its price action today.
www.dailyfx.com...D-Downside.html?DFXfeeds=f...
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www.dailyfx.com...D-Downside.html?DFXfeeds=f...
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Ordre annulé:
Stop order wasn't hit overnight, cancelling this trade to avoid possible volatility risk later. Will resume trading USD pairs after Fed decision.