4 hours after the Feds announced another interest rate cut on the USD, I entered a 500 units long position on EUR-USD, based on the signal line crossing the MACD in the upward direction with the MACD histogram indicating a strong upward momentum.
SL=23 pips TP=13 pips
After 8 hours, the price hit the TP and i won 13 pips. However, it took 8 hours - strange.
I had expected the EUR-USD pair to rise sharply and steadily. Up to time of writing, it appears the Feds' interest rate cut has very little effect on the EUR-USD pair. There was an initial sharp rise (see the blue long bar above). After that, it was ranging sideways. I opened a long position indicated by the blue triangle.
No comments:
Post a Comment