10.24.2023 NQ AM Session
Looking ahead to the NY AM session, a bullish weekly profile so far. Monday's session established an Opening Range High for the week, a common occurrence for the first trading day. Anticipate a decisive move away from Monday's high, targeting opposing liquidity as a potential manipulation.
Pay close attention to the 10/23 9:30 LOD (Low of Day), a crucial reference point. Below this level lies a historically relevant 1D FVG (fair value gap), providing a strategic entry point. From there, anticipate an upward expansion into levels outlined in the weekly outlook.
It's worth noting that while these projections are made prior to the London session, market dynamics may evolve. Nevertheless, these are the developments I'll be monitoring closely. Happy trading!
News for tomorrow:
Pay close attention to the 10/23 9:30 LOD (Low of Day), a crucial reference point. Below this level lies a historically relevant 1D FVG (fair value gap), providing a strategic entry point. From there, anticipate an upward expansion into levels outlined in the weekly outlook.
It's worth noting that while these projections are made prior to the London session, market dynamics may evolve. Nevertheless, these are the developments I'll be monitoring closely. Happy trading!
News for tomorrow:
- 9:45 AM Flash Manufacturing PMI
- 9:45 AM Flash Services PMI
- 10:00 AM Richmond Manufacturing Index
- 4:35 PM Jerome Powell speaks
Comment:
After a very wide range trading session on Monday, I am leaning to avoiding Tuesday's NY AM. Purely gonna be for study of price action + FOMC, Wednesday may be an actionable day. Less is more.