The butterfly gave us a nice trade already. friday before close price rejected @ key resistance once again. we anticipate a second sell of towards the second target. watch your entry and stops, ideally wait for 1 or 2h close below 8008, this should be confirmation enough. trade safe.
* not financial advise
* not financial advise
Comment:
for the sake of full disclosure:
i strongly advise against inexperienced traders taking directional bets before FOMC.
In my opinion if you take this trade you get out before FOMC rate policy decision. and re-consider afterwards, particularly if you are medium to highly leveraged!
i strongly advise against inexperienced traders taking directional bets before FOMC.
In my opinion if you take this trade you get out before FOMC rate policy decision. and re-consider afterwards, particularly if you are medium to highly leveraged!
you may want to book some + short more on bounce.