NQ Analysis going into FOMC using ICT concepts
Top down analysis of NQ shows we are in a 40 and 60 day IPDA discount. We stopped just short of the 20 day equilibrium.
No red folder news until FOMC mid week.
Looking to remain bearish Monday but not ruling out getting a decent retracement into the newer HTF breakers that formed. I would like to see us take a key liquidity level before I look for my setup.
After FOMC we should get a clearer picture of what is to come next.
It is also important to note that DXY has a solid fresh 4H bullish breaker making my view of Monday completing the bearish move it started Friday more likely.
Would like to see ES and YM stay synced up on these moves and at the first sight of this getting broken up I have no issues waiting until after Wednesday to trade.
No red folder news until FOMC mid week.
Looking to remain bearish Monday but not ruling out getting a decent retracement into the newer HTF breakers that formed. I would like to see us take a key liquidity level before I look for my setup.
After FOMC we should get a clearer picture of what is to come next.
It is also important to note that DXY has a solid fresh 4H bullish breaker making my view of Monday completing the bearish move it started Friday more likely.
Would like to see ES and YM stay synced up on these moves and at the first sight of this getting broken up I have no issues waiting until after Wednesday to trade.
GH05T 1N TH3 MACH1N3
GH05T 1N TH3 MACH1N3
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