USDCHF TRADING BIAS AHEAD OF FED

Hi Guys,

As it is indicated in different economic calendars in less than 2 hours’ time there will be a FED meeting in U.S.A, and therefore I would like to spot my bias on the direction of Dollar, by analyzing the USDCHF pair.

This analysis is based in the use on 1hr timeframe, 15mn timeframe and the use of 800 ema (exponential moving average).

The 1hr timeframe is used to identify the horizontal line being plotted, the 800 ema is commonly used as a dynamic resistance or support, in ourcase it is the next dynamic resistance.

The idea with 800ema is that, given 15mn timeframe in most cases if the news impact will bring price into the touch of 800 ema, therefore with ourcase we have seen the usdchf price has the great change of moving up into 0.98900 where the 800 ema is.

In fundamental side, the FED has to come out with the hawkish view, which will suggest of a bullish move for Dollar, The use of buy stop is suggested inoder to be in a safe side.
Buy Stop entry should be at 0.98650
Stop loss, should be at 0.98900
Take profit should be at 0.98550

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Enjoy!