Understanding the roadmap through the Fed Statement and the volatility from the press conference can not only benefit your trading but also save you in case you are wrong. It is by limiting the risk that saves traders. Profits are the benefits of trading the major breaks and hoping for momentum leads to riding the trend after the break.
In this video, I outline the technical roadmap for the 3 major currency pairs:
- EURUSD: starts 0.17
- USDJPY: starts 4:20
- GBPUSD: starts 7:14
This article was written by Greg Michalowski at www.forexlive.com. Source