Market is overall uptrend after previous low showed the reversal point to head higher.
Bias is for the Buy
However, FOMC can produce volatility so we can have spikes in both direction.
There's a Sell scenario off an H4 gap.
But the preferred idea is to head lower, getting a better price on the HTF, then continue to the Equal Highs / Double top, taking out the liquidity target eventually.
Be aware, if it's not clear this week, we may have a clearer picture on next week's news and the move could also happen then if there's a delay/ranging market.
The D1 timeframe usually provides the smoother outlook. I mostly base my ideas on that.
Leave your comments below if you have any questions. Thanks
Bias is for the Buy
However, FOMC can produce volatility so we can have spikes in both direction.
There's a Sell scenario off an H4 gap.
But the preferred idea is to head lower, getting a better price on the HTF, then continue to the Equal Highs / Double top, taking out the liquidity target eventually.
Be aware, if it's not clear this week, we may have a clearer picture on next week's news and the move could also happen then if there's a delay/ranging market.
The D1 timeframe usually provides the smoother outlook. I mostly base my ideas on that.
Leave your comments below if you have any questions. Thanks
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.