With FOMC out of the way it's back to business (trading!) as usual. We will be looking for price to create support before being able to continue up as we go into the end of the week AND the end of the month.
A close above 1980 on the monthly timeframe will be incredibly bullish as far as indications of bullish momentum goes, but that will be discussed further in my monthly analysis chart.
For the hourly, with NY 30 minutes away from closing Asia session is our next best opportunity for price to continue up. First and foremost, Asia markets will react to the FED news and comments, and once that is out of the way London session tomorrow should see us print a liquidity grab before we continue in the direct the market chooses.
Personally, I'm more bias towards buys, and if we can get buy set ups I will be taking normal 1-2% risk per trade. Updates to be posted as and when they come in.
A close above 1980 on the monthly timeframe will be incredibly bullish as far as indications of bullish momentum goes, but that will be discussed further in my monthly analysis chart.
For the hourly, with NY 30 minutes away from closing Asia session is our next best opportunity for price to continue up. First and foremost, Asia markets will react to the FED news and comments, and once that is out of the way London session tomorrow should see us print a liquidity grab before we continue in the direct the market chooses.
Personally, I'm more bias towards buys, and if we can get buy set ups I will be taking normal 1-2% risk per trade. Updates to be posted as and when they come in.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.