Potential Short Entry in After News Trading

OrcChieftain
2022-12-10

 

For the last 4 days, the daily candle ranges didn't exceed 5 Average Daily Range. In the last 240 days, the largest volatility-decreasing sequence lasted 7 days and isn't at all common. I think it is quite likely, that we will see an above 100% expansion now.

If it goes higher during the news, I would fade this event and hold the trade at least until today's close (as EURUSD and GBPUSD or another major pair).

I don't have any plan for USD going lower during news and will not trade such an event.

I might choose to take a trade here if the price consolidates for a few moments.

https://www.tradingview.com/chart/USDOLLAR/QYd8NxVh-Potential-Short-Entry-in-After-News-Trading/

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Comment（6）

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  • Quantum Leap
    ·2022-12-10
    Ok
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  • kktan
    ·2022-12-10
    ok
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  • Firestarter1
    ·2022-12-10
    [Happy]
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  • cho__on
    ·2022-12-10
    Ok
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  • Jim LEO
    ·2022-12-10
    [smile]
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  • M E
    ·2022-12-10
    Good
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