Monday's Pivot Points:
R3 = 161.30
R2 = 160.72
R1 = 160.17
PP = 159.59
S1 = 159.04
S2 = 158.46
S3 = 157.91
Signals will be updated timely..
-buy 159.15, 1st TP 159.82, 2nd TP 160.04, 3rd TP 160.25 (Achieved, 110 pips)
(Dont forget to lock your profits, or you can use trailing SL)
My take on the upcoming Fed rate decision..
The movement of the carry trades including EJ will move in tandem upon the movement of the Dow Jones. As a result, if the Federal Reserve fails to shoot the stocks higher (by leaves the rate unchanged) the carry trades could fall further. On the other hand, rate cuts by the Fed will send EJ rocketing higher.
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