Now that FOMC and Unemployment claims for the USD is done, we can see price action a lot more clearly. Things to note
Daily broke yesterdays high and flipped bearish
Weekly created a weekly high and flipped bearish (did not break the previous weeks high however that isn't a major issue)
4h has closed back into our indecision range
Few things can happen here
Price rejects from this level and continues up
Price continues down to our target of 1950-1945
I will not be taking trades within this indecision range, only outside of it and on the lower time frames based on price action of closing candles.
Daily broke yesterdays high and flipped bearish
Weekly created a weekly high and flipped bearish (did not break the previous weeks high however that isn't a major issue)
4h has closed back into our indecision range
Few things can happen here
Price rejects from this level and continues up
Price continues down to our target of 1950-1945
I will not be taking trades within this indecision range, only outside of it and on the lower time frames based on price action of closing candles.
