End of day update from us here at KOG:
On Sunday we said we'd stick with the KOG Report for the first couple of days and then update with the plan for the week. The obstacle here this week is FOMC tomorrow, so for that reason I'm going to keep it limited and say we're only trading level to level on the indicators.
We did break above, completed most of the move, reversed, broke below, retraced and now we're in-between is it up or down? For me, the key level here is 4020 support and 4040 resistance. One of these levels have to give way for us to determine the short term direction, but, with FOMC tomorrow, we're expecting the typical pre-event price action to begin with the mean being dragged down rather than being visited as yet.
I really don't have anymore than that unfortunately, even a 70% probability trade here is risky without an huge stop loss, and that's not worth it.
From Camelot this morning:
RED BOXES:
Break above 4065 for 4070, 4075 and 4090 in extension of the move
Break below 4045 for 4032✅, 4022✅ and 4010 in extension of the move
As always, trade safe.
KOG
On Sunday we said we'd stick with the KOG Report for the first couple of days and then update with the plan for the week. The obstacle here this week is FOMC tomorrow, so for that reason I'm going to keep it limited and say we're only trading level to level on the indicators.
We did break above, completed most of the move, reversed, broke below, retraced and now we're in-between is it up or down? For me, the key level here is 4020 support and 4040 resistance. One of these levels have to give way for us to determine the short term direction, but, with FOMC tomorrow, we're expecting the typical pre-event price action to begin with the mean being dragged down rather than being visited as yet.
I really don't have anymore than that unfortunately, even a 70% probability trade here is risky without an huge stop loss, and that's not worth it.
From Camelot this morning:
RED BOXES:
Break below 4045 for 4032✅, 4022✅ and 4010 in extension of the move
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.