IF 1257 BREAKS LOWER THAN:
updated trading plan
-based on 4HR 20EMA crossover
-$1247 is 78% retracement
-$1243 is wedge bottom
updated trading plan
-based on 4HR 20EMA crossover
-$1247 is 78% retracement
-$1243 is wedge bottom
Comment:
we hit our target, will long on sun/mon
Comment:
next top can be as high as $1300-1333
Comment:
There might be 1 more bearish 4hr candle to $1243 so dont long yet! decide on monday/sunday after the next 4hr candle!
Comment:
its ok to long on monday/sunday. bottom is near. this channel is still valid
Comment:
$1243 seems like a likely bottom. i will long from here with sl at $1240
Comment:
it can do Slight lower as no one knows the exact price support. it might bounce off the previous wedge line which is around $1240-1243. so if ur sl hits, just reenter at a better price.
Comment:
$1300, 1315 and 1333 are my tp1,2,3 targets
Comment:
We have bottomed it seems. 3 bullish candles on 4Hr chart. i am now long, will add more as we go up. wont fully commit to this trade until after fomc
Comment:
Price went lower than expected. best to stay out of market until 15mins after fomc release! first 15mins of news often can give false trends. trade the main trend after 15mins, there is still potential for a bull rally after fomc. i would stay out of market today. there might be 1 more leg down as we are below the wedge line.