Scalp opportunity, wait for the move to break. Eyes on the FED.
Hi Traders,
14hours before thE FED speech which will be the next market direction catalyst (timing wise atleast)
I have removed indicators to make the chart not so challenging to read...
2 quick scalping plays i can see happening (ONLY IF YOU ARE A SCALPER)
1) We hold the trend and pump to the daily liquidity/resistance fake out area of 22400-22700 and crashing lower on the FED.
2) Break lower to low 21k and bounce around baiting new longs before breaking lower again.
Leaning towards pumping straight upward but can still go either way at present, will see how the next few hours play out.
14hours before thE FED speech which will be the next market direction catalyst (timing wise atleast)
I have removed indicators to make the chart not so challenging to read...
2 quick scalping plays i can see happening (ONLY IF YOU ARE A SCALPER)
1) We hold the trend and pump to the daily liquidity/resistance fake out area of 22400-22700 and crashing lower on the FED.
2) Break lower to low 21k and bounce around baiting new longs before breaking lower again.
Leaning towards pumping straight upward but can still go either way at present, will see how the next few hours play out.
Comment:
Price is steadily falling and about 5 hours from FED time, looking less likely a pump is on the cards. Adding to shorts.