DOLLAR INDEX Trading plan on Fed Day


Pattern: Potential Channel Up on 4H.

Signal: (A) Buy as long as the Support is intact (B) Sell if the Support breaks.

Target: (A) 93.90 (right below the Resistance) (B) 91.85 (right above the Support).

*note: Tight SL needed on both ends as the volatility around and after the Fed Rate Decision will most likely be high. We want the price action to stabilize and then comfortably trade to the direction of the Fed aftermath trend.

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