Short trade execution action following the Fed rate cut achieved risk reward ratio of 1:4.
The psychological levels marked on the Dow Jones Index in my last update worked brilliantly.
Gap area marked acted as a resistance area and has given a short trade post-FED rate cut announcement.
I have marked the levels of short.
The risk to reward ratio achieved is 1:4.
The chart is attached for your reference.
The above views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication of future returns.
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