Traders,
The FOMC decided to leave rates unchanged and did not modify their rhetoric towards the future. This led to a continued decline in gold while the dollar gained much needed strength. 4xSummit capitalized on this fundamental news and netted 95 pips on the eur/usd last night during the Asian session. Congrats to all our subscribers who held on for 100 pips and more! The market has been moving in quick pulses which can be difficult to find an entry without retracements. This is probably going to continue through year end. As always, 4xSummit will adapt to the market environment and use whatever it gives us.
To the Summit,
4xSummit