21:00 (Riga time), The United States
Fed Interest Rate Decision, FOMC Statement. Many experts agree that there won't be any rate hike at today's meeting, however if there is any hint that the rate might be raised in June, a strengthening of the dollar is to be expected.
16.03.16: 145 pips on EUR/USD, $1450, and 164 pips on GBP/USD, $1640.
Action Plan. Two minutes prior we place pending orders BUY/STOP and Sell/STOP:
the EUR/USD pair, with a differential of 35 pips, the S/L should be placed on the opposite order, the T/P – from 100 pips and above;
the GBP/USD pair, with a differential of 35 pips, the S/L should be placed on the opposite order, the T/P – from 100 pips and above.
When trading with distant goals, after reaching the minimum profit, we move the S/L to the opening prices and wait: if the movement stops and there is no potential for further movement, then we close the trade as it is.