Short entry at 1,133 - S/L at 1,1345 and T/P at 1,131
What's going to happen at Yellen testimony tomorrow, are we gonna break through 1,15? or does she have a more opportunistic view on the world economy? Maybe she will pull a QE-rabbit out of her hat in order to keep the economy afloat... Like giving heroin to a drug addict
I'm gonna do a short term trade, S/L at 1,125 and T/P at 1,122
Looks like we found some support at 1,109, I think it will close above 1,11 and below 1,115. I'll enter a long position, hoping for at 10-20 pips profit.
Will it rally once again before Yellen speaks this wednesday, or is it a short term bear market?