Thanks for the feedback Foreigner.foreigner said:This is exactly what Ive been look at, however, Gdayfx has another view on the situation, I think he's going to be right and today will turn out to be another hard lesson..
Although the EMA9-18 for both 1D and 4H are pointing to a Buy only, I'm going the other way
The reason I like this MM Sell model is because I think we are in in risk OFF scenario, so bond prices go up, USDx up, foreign currencies down.
The reason is the divergence in bond prices, as well as a divergence between EURx and USDx (eurx made higher high, usdx did not make a lower low).
A similar divergence can be seen in SP500, Nasdaq, DJ.
So we might run the stops @ 1.3737 on FOMC, but I do not think that's likely given the fact that USDX was in Sweet spot buy and eurx was 61 sell fib.
So in conclusion, see you @ 1.3515, but 1.3464 would be even more sweet
Seasonal tendencies predict this risk off until end april, beginning of May, so we might see 1.3300 by that time.
Just my 2 cents of course
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