Update( Swing Trade between Fib lvl )
We almost reached the point were the panic about Scotland started, so we can say that this unpredicted panic sale was absorbed. Of course, the big sale started at 1.66, but such a big politic event should leave a mark on the price, therefore i entered short at 1.6509 leaving the 100 pips opened and setting the SL above.
I don t think that we will be able to go higher than 1.66 because the aim of the counter trend was to absorb the panic sale. We still have a very sustainable economic growth in the USA.
The Fed meeting: 1) Very important.. this time we have already 2 members that voted against the Fed decision, and
in august we had only 1 ( they have better expectation for the economy and they think that FED
is to careful = the interest rate should be increased sooner.)
2) next month the QE will be stopped this shows that the economy is going well
Therefore my first target is 1.60 fallowed by 1.57 SL over 1.66
I don t think that we will be able to go higher than 1.66 because the aim of the counter trend was to absorb the panic sale. We still have a very sustainable economic growth in the USA.
The Fed meeting: 1) Very important.. this time we have already 2 members that voted against the Fed decision, and
in august we had only 1 ( they have better expectation for the economy and they think that FED
is to careful = the interest rate should be increased sooner.)
2) next month the QE will be stopped this shows that the economy is going well
Therefore my first target is 1.60 fallowed by 1.57 SL over 1.66
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