FOMC Bullish Measured Move ES 4140 Target

As per my post yesterday, things are playing out exactly as planned and I will enter into FOMC bullish and target 4140 Long. Potential 100 Points on the table today. My only concern is getting wicked out. I will place my Buy Limit Order at 4055 and use a 15 Point stop because I do not believe they will go back to 4030. 15 Point risk for 100 Points gain

Please refer to the post below that I have linked to dive into why I think FOMC will be bullish.

Trade closed: target reached

I placed my limit order at 4057.25 in anticipation of a wick down into demand below the channel that I had drawn out from yesterday. Took profits just before the 1 full range expansion. Did I leave money on the table? Possibly but I locked in profits.

Note

I could have done better at holding until the measured move was hit but I am still ok with what happened today. Was a 4R trade

Dow_Jones_Maestro

Related publications

ES Monthly Head and Shoulders (Forming Right Shoulder)

by Dow_Jones_Maestro

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.