Even measured with a very large stop loss the risk / reward ratio with almost 2 is still higher than going long here before the FED meeting on Thursday. Therefore the best trading opportunity is a short into this large empty space.
Entry: 1997.5
Stop loss A: 2069.5 (very wide stop loss)
Stop loss B: 1997.7 (very tight stop loss)
Target: 1855
P.S. With the very tight stop loss B at 1997.7 the risk/reward is 712 !!!
Entry: 1997.5
Stop loss A: 2069.5 (very wide stop loss)
Stop loss B: 1997.7 (very tight stop loss)
Target: 1855
P.S. With the very tight stop loss B at 1997.7 the risk/reward is 712 !!!
