Weekly Report September 20th. I hope you survived this week as a trader. It has been a volatile one. FED started their cutting cycle with a massive 50bps cut crushing the expectations of 25bps. With that markets went into a chaos mode.
However, we said in our analysis that this one is gonna be one of the most volatile weeks in the year. Some find opportunities in the volatility but we want to stay away from the chaos.
Actually we caught some green in the first part of the week prior to the FOMC meeting.
EUR/NZD shorts as explained in our analysis
This was on our watchlist from last week also, entered the trade on Monday and it was stuck for a while before eventually going in our direction. Wednesday morning we got the move we wanted, just in time before the FOMC meeting. Managed to catch 100 pips before the meeting and took our bags before the chaos.