After yesterdays FOMC alot of Bulls left the USD markets for fears of tight policies to control inflation, but lets not forget the basics of simple technical analysis, we see a reversal pattern which is the famous head and shoulders pattern presenting a good buying spot in conjunction with a bullish RSI divergence,.. from exprience I have come to an extrapolative conclusion that fundamental or news always drives dynamic volatility but in the end respect technical analysis,. Manage risk and make many pips.
Note
The first take profit just got hit.. waiting for the second target
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.