Price has comeback to retest a previously established resistance level. With FOMC tomorrow coming up it is widely expected this will be the end of tapering and there might be a less dovish FOMC statement. Hence going long the USD.
I’m short from 1.6166 with my stop at 1.6243 and T.P at 1.5892.
I’m Risking 77pips to gain 274 pips which gives me a Risk to rewar ratio of almost1:4 !
Posting in Bulletin as a free signal