We cannot IGNORE the USD BULLISH SCENARIO that could unfold after the FED’s PIVOTAL meeting today.
We have to keep an open mind to ALL POSSIBLE SCENARIOS and look for clues within charts to cover all our bases.
The BBDXY (Bloomberg Spot Index) is showing a BULLISH PENNANT PATTERN, that if confirmed, could take the USD significantly higher, to the 61.8% FIBO. We will have time to REACT and position. Best to be NIMBLE and LIQUID going into this meeting.