Today is a slow grind up, on the possible right shoulder of the head and shoulders. FOMC today. Today can break either bullish up or bearish down. I can see both happening and as such I feel I do not have a good enough edge and will sit out. Only observe. 3818 is the neckline of the head and shoulders. 3910 is the daily 21ema. Both are areas that price can potentially shoot for.
Trade closed: target reached
Note
First trade got wicked in due to the news. Got stopped out. Reentered and targeted LOD. Target Hit. First trade: -100.00
Second trade: +220.00
Total for day: +110.00
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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.