What if it all ends up dovish?
Fundamentals & Sentiment
NASDAQ100:
- Nvidia holds a strong uptrend
USD:
- Yields & USD are underperforming from yesterday
- The upcoming CPI consensus is lower than the previous
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Up
Long-term: Up
Min target: Fib ext
Risk: 1.04%
*Pretty wide SL as I expect attempts to flush out buyers before CPI release/ heightened volatility at the release. If CPI is at least in line with consensus, I'll keep holding into FOMC. I might hold into FOMC only in case of gains at least 0.5R prior to the event.