I'm not sure if I want to be caught in the midst of the chaos.
FOMC is due tonight.
My guess before FOMC is that USD pairs will stay flat for the most part until after the announcement, since USD and YEN pairs are correlated I'm seeing the same things with yen crosses (I was silly for taking that CHFJPY long)
pound and EUR will be affected by the most (I think) than the commodity currencies.
retail sales data is also due in the AM London time.
and if FOMC chaos wasn't enough. BOJ is also due for rate announcements and RBA governor and Draghi is due to speak tomorrow.
with New Zealand and German elections through the weekends.
that seems like a whole lot for me for one week.
PA may just stall.
setups will be plentiful since I trade 1h and multiple pairs (basket trading) do I want to trade in this chaos ? NO.(I'm trading live now) I've been there done that. It's too risky.
I'll take today, tomorrow and friday off.
and will be back on monday.
in the meantime I"ll be studying my patterns.
FOMC is due tonight.
My guess before FOMC is that USD pairs will stay flat for the most part until after the announcement, since USD and YEN pairs are correlated I'm seeing the same things with yen crosses (I was silly for taking that CHFJPY long)
pound and EUR will be affected by the most (I think) than the commodity currencies.
retail sales data is also due in the AM London time.
and if FOMC chaos wasn't enough. BOJ is also due for rate announcements and RBA governor and Draghi is due to speak tomorrow.
with New Zealand and German elections through the weekends.
that seems like a whole lot for me for one week.
PA may just stall.
setups will be plentiful since I trade 1h and multiple pairs (basket trading) do I want to trade in this chaos ? NO.(I'm trading live now) I've been there done that. It's too risky.
I'll take today, tomorrow and friday off.
and will be back on monday.
in the meantime I"ll be studying my patterns.
Tape reading is an ART