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Fomcpositioning

QQQ possible inverse head and shoulders on the dailyThe $QQQ is triggering a long setup on the right shoulder of a possible inverse head and shoulders. A (conservative) measured move of the head to the neck, from the lower right shoulder, gives a target of $302.40. The FOMC meeting is on Wed 11/02. News on 10/27: "Economists at BlackRock are speaking with financial advisers, saying that they are expecting "pivot language" at the next Federal Open Market Committee (FOMC) meeting". If these rumors prove true at the FOMC meeting, the market and QQQ could have the catalyst to reach the target (quickly). This idea is only based on the charts, but the FOMC could provide a catalyst.
NASDAQ:QQQLong
by FourC
19
What can we expect for Bitcoin this FOMC meeting?As the FOMC meeting is coming up in just a few hours Bitcoin is relatively not moving that much. What can we expect Bitcoin to do? As we are closing down the triangle I am expecting this to break during the meeting as volume will start to kick in. We have 2 clear scenarios • We will break up and are going to 21k • We will break down and are going to 19,750k Stay away from trading leverage as we can expect an fake-out up or down!! Trade safe
by Mynameisnotrelevant
USDJPY I Long bias as FED poised to deliver big interest hike!Welcome back! Let me know your thoughts in the comments! **USDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
14
NQ Power Range Report with FIB Ext - 11/2/2022 SessionCME_MINI:NQZ2022 - PR High: 11343.75 - PR Low: 11318.75 - NZ Spread: 56.0 Evening Stats (As of 12:05 AM) - Weekend Gap: -0.28% (open > 11621) - 8/29 Weekend Gap: -0.18% (open > 13125) - 8/19 Session Gap: -0.04% (open > 13540) - Session Open ATR: 355.03 - Volume: 23K - Open Int: 278K - Trend Grade: Bear - From ATH: -32.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12391 - Mid: 11820 - Short: 10678 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2022Long
by mv3trader5
BTCUSDT 60 min chart analysis As we approach the FOMC release, volatility in the market is expected to increase. As we can see, price has rallied to a key Bearish Orderblock on the hourly timeframe chart. I am looking to short BTCUSDT due to the following confluences: ~ Price has reached a key Bearish Orderblock. ~ Price has reached the premium area of the current trading range on this hourly chart. ~ There is Buy-Side Liquidity (BSL) by $18 800 that is very likely to get raided. ~ There is a Fair Value Gap (FVG) just below the BSL by $18 500. ~ The Market structure on the higher timeframes such as the Daily timeframe is still bearish with a major BSL around $17 500 price level. So i can expect price to reach that price level before targeting the Sell-Side Liquidity (SSL) above current price level. Any important news release adds volatility to make the price action move quicker than usual days when there are no news releases. This is a High probable trade setup but not a Certainty. Happy Trading Pals
Short
by Evaliste
4
BTC UPDATEBTC is a facing a tough time as the bear gang is still milking the market. we'd like see more downside considering this topnotch news (FA) surrounding the market in this month of September. we already September is the month of bloodbath like I stated earlier in august and advised peeps to hold on to their respective August green candles as September will be summoning an impulsive red candle. Watch out for this events. The FOMC News coming up later today Hint:*If the Fed do 50 basis point we might see a huge pump as there will be so much optimism and relief to the market *If the Fed do 75 basis point we might see a little pump followed by a dump *If the Fed do 100 basis point the market will dump. The Mt. Gox BTC distribution still ongoing. Hints: A lot of BTC selling ongoing low key. DXY still pumping Hint: When DXY pumps, crypto and other financial markets dumps. ETC. on this note I will be shorting the market as I expect the FOMC news to shake things up.
Short
by ReNLoG
2
XAUUSD - KOG REPORT - FOMC!FOMC – 16/03/22 This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re going to use the 1H chart for todays FOMC Report and will say that we’ll stick with this for the remainder of the sessions, unless anything changes. As usual we’ll give our daily updates and levels with our latest thoughts and ideas. We can see the market reacting to any news coming out of Russia/Ukraine which is causing traders difficulty in trying to swing trade this to the upside. We expecting this to give a push up at some point, whether that’s today or not remains to be seen. The key levels here are 1889 and 1870 below with the higher levels being 1937-40 and above that the 1950-60 level which would fill the imbalance. So as usual we’ll look at this with 2 scenarios in mind with our bias being to the upside at the moment! Scenario 1: They push the price down, we’ll wait for the levels of 1880 and breaking that 1860-65 before testing the long trade back up to target the 1920-30 price point initially. We feel it will go higher if it comes back up so we’ll look to protect any trades we get good entries on and take partials along the way. We have a KOG target at 1885 which we’re not far from so there’s a chance we may hit that. Scenario 2: They push the price up, we will only be looking for extreme key levels in this scenario to short the market. There is a chance they will want to test at least that 1950-60 level so we’ll wait there to short the market back down. It’s facing difficult and extreme market conditions which are being driven by fear. We’ve maintained we will take it easy and trade this level to level which has worked very well for us this month. What we don’t want to do is get stuck in trades if this decides to move and give any profits back to the market. For that reason we would say please trade this safely, reduce your lots sizes and give yourself time to think about your entry and exit. Always have a risk strategy in place and if you’re not comfortable with it please stay out. Cash is also a position, the markets won’t be like this forever. There is of course the case that this is likely priced in and we don’t see much movement so please also keep that in mind. It all depends on the question and answer session which will be after the release. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
12
FOMC Preview - USD needs a pullbackFOMC Today, with 0.25% rate hike largely expected with 0.5% off the cards since the war. But the USD has bought heavily into this event and there may not be much room left for gains in the short term without a profit taking spell. Buying the rumour selling the fact is very common in trading and could be the set up here. In regards to which pairs are in play AUD/USD has support here and Jobs data tomorrow so if we can catch some USD profit taking then pushing with AUD may offer more opportunities for upside. IF looking to buy USD wait until the pullback is complete and then buying USD/JPY and selling going the main trade those buying USD looking at. easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. “Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
TVC:DXYShort
by easyMarkets
1
The Golden Bullflag breakoutWelcome back traders to another weekly view on gold, Gold is in excellent bullish form and is about to go vertical towards my 1870 target. The weekly closing price has nullified the chances for a retest of 1745, with bulls fortifying their gains 1771+ (23.6 fibo). Now the invalidation price for gold bulls moves up to 1770. Meaning a retest of 1770 is still possible and a break below it will break the current bullish structure. As a matter of fact, gold bulls broke the 2 year weekly bullflag with a weekly candle. This is starting to look like the start of something amazing. Let's analyse this baby. 📊 US GDP Two very volatile weeks are coming at us in full speed. We have the US GDP next Tuesday planned with a forecasted 3.5% GDP growth. There are rumours on the street who are whispering 0.5% GDP growth in Q3, which basically means the economy flatlined. Hard to guess numbers on this one, but what is sure, is that the GDP is pulling back from 6%. Chinese GDP last week disappointed also with the lowest growth since the start of the pandemic. As I explained before, this is extremely bullish for gold. 🔊 FOMC November 2021 The next risk event follows up rapidly on November 3rd with Powell set to announce the start of tapering, which is very bearish for gold. Whether that they will start in November 15th or December 1st, this day will be a big day in the market that will give direction for some time with gold set to retest the 1720-1725 level and its weekly bullflag breakout. 🔮 Cesaro's Crystal Ball Current rally has similarities with the start of the rally in spring 2021. I see gold breaking the triple top at 1830 and then go back to make a double bottom at 1720. The Daily & Weekly RSI closed 50+, stochastic RSI is in strong bullish momentum & an H4 golden cross is there to function as a cushion. I expect to see 1840 and 1850 in extension before the end of month with the US GDP to be the fundamental trigger. Trading remains an art of probabilities and the probabilities are high that the FOMC November meeting will be a reason for gold bears to show their strength. Ofcourse gold can keep blasting up from 1875, but I will keep an eye on that 50 fibo level at 1875 and I expect a strong bearish hostile take over from there to test bullish commitments and their bullflag breakout. Depending on the fundamental situation, bears might break through 1720 & 1680 aiming for 1650. Or... Gold bottoms at 1720, with bulls defending their bullflag breakout and we are heading for the 2000 break after. Cheers, Cesaro
OANDA:XAUUSDLong
by CesaroPelucci
3
Nasdaq - What to do next?!Nasdaq NDX - What bearish moves we had on the indices yesterday! I will now explain why we had this move: 1) FOMC FED - Rates kept as same, nothing new in that aspect. During Questions - We had now the mention Taper tantrum was mention, that's a key word to keep in meaning they could decrease the amount of asset purchase that would increase yields further upwards. This is due to the vaccines, as long as that carries on further the deployment of vaccine , the economic data and other various other factors combined there will be less need for QE. However, I feel Q2-21 we will be following the same momentum as we was before. We've had a squeeze building for while and at this current moment of time that will ease pressure on various instruments. 2) Hedge funds Struggles 3) Disappointing Earnings Fundamental: - US Q4 Adv GDP: Jobless data. Technical Aspect: Pattern: We are still within the channel until broken to down side, bearish momentum confirmation continues. Support: 12970, 12715, 12535, 12270 (50 EMA) Resistance: 13170, 13275, 13595, 13840 Key Tip: Follow your own trade plan to add further confluence! Overall, I did take scalp shorts whilst FOMC on US Indices & other currencies, I expect this to be a temporary move. All the best, Trade Journal
OANDA:NAS100USD
by Trade_Journal
EUR/USD SELL SIGNAL #RISKYHey tradomaniacs, welcome to a new free trading-setup. EUR/USD: Daytrade-Execution🔁 Notice: A trade I personally take! This is a FOMC-Based trade and involves very high risk! Technically a good one here but news can cause huge volatility! Please stay out of you don`t have a higher risk-aversion. Market-Sell-Order: 1,17700 Stop-Loss: 1,18030 Target 1: 1,17380 Target 2: 1,17100 Target 3: 1,16760 Target for One-Target-Trader: 1,17100 Stop-Loss: 34 pips Risk: 0,5% Risk-Reward: 2,73 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
3
DXY should DROP AGAIN! Hey tradomaniacs, market has reacted slightly bearish this night due to the uninspiring finish in Wallstreet and statement by Jerome Powell which has caused a pullback of DXY (RISK-OFF). Statement was overall dovish❗️ 1️. Inflation below 2% (still more potential upwards) 2️. FED does whatever it takes to support economy 3️. Not out of ammo (rate-cuts, QE`s possible) 4. More stimulus needed The entire press-conference was a dove-bomb and was overall a "What we do works and we will continue" statement. The risk off caused a Pullback of DXY (US-DOLLAR-INDEX) which has not been able to break through the key-resistance and I see that the trend is still in tact. SPX500 and MAJOR-PAIRS such as EUR/USD could rise again! ;-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:DXYLong
by Trading2ez
1
USD/CHF: Daytrade-Opportunity and plan for FOMC!Hey tradomaniacs, welcome to another free signal of Week 44 Nr. 3 Important: Wait for the retracement up to the entry and wait for a rejection before you sell. ----------------------------- Type: Day_Swingtrade Market Sell: 0,99467 Stop-Loss: 0,99580 Target 1: 0,99333 Target 2: 0,99178 Target 3: 0,99026 Stop-Loss: 11.3 pips Risk: 1-2% Risk-Reward: 3,83 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
USDZAR - FOMC Meeting today! (RAND Trade)FX:USDZAR OVERVIEW - Price is sitting below the Kumo cloud and Tenkan-sen below Kijun-sen (bearish) - Chikou span has broken through kumo and we have a bearish twist of kumo = bearish bias on the pair - A falling wedge has developed with and oversold stochastic which could ignite a move to R15 level . (bullish) - We will be waiting for the FOMC rate decision tonight to take any further trades on the pair. A move below R14.50 will target the double top measured move. - Movement in the pair affects many of the JSE's listed stocks. - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
by Trader-Dan
Gold - Upcoming Fed Meeting and Negative Yield InsuranceAs my last forecast has shown, gold has had quite a lovely run up in light of the rate cut delivered from Jay Powell Gold soared towards $1,600/ ounce and stopped just shy at $1,570/ ounce. With the September FOMC decision looming the question is what the yellow metal will do next? A rate cut is all but certain, with a 25bp cut baked in at this point, a 50bp cut is possible but the chances are lower (not impossible mind you). This rate cut is likely to do two things - Push bond prices higher and yields lower (I will also elaborate on a potential play on bonds ) - Drive gold up as bond yields creep closer to zero (Europe is already at zero and the US is the last major bastion of 'safety') The impact on silver is more uncertain, as rates are also a measure of productivity in general and silver is primarily an industrial metal, long-term silver looks good, but bear in mind it does not respond the same as gold. The gold price near-term is impossible to predict, but lower rates and near zero yielding bonds means only one thing...higher gold prices. We could see some consolidation going into the FOMC meeting, at which point gold would be poised to make another leg up (although on the longer time-frames gold is a little overextended) or we could see a short lived selloff. In any case, if you have yet to position yourself for a negative yielding world, best to do so now
COMEX:GC1!
by Profit_Link
Tracking current levels like a hawk... => What is in play here? => To put it simply we are tracking two scenarios... the market is currently trading against strong resistance and we need to get above this area to avoid it becoming a very large triangle. => If we look at the recovery since August, we can see that this move has been impulsive and increases the odds for the break to the topside. => The only levels in play to track here are 20.92-21.03 which are the June highs. We see potential for this to extend as high as 21.4x and therefore any pullback towards 20.0x should be viewed as corrective. => For bears, they need to break 19.833 to question that we have already put in the highs of the year and decade. => In our books, there is opportunity in adding exposure on the upside towards 21.0x and eventually 21.4x. => Stops can be held tightly below 19.80x as a break below here will reshuffle the cards. => Best of luck to those already in live or looking to build positions here.
Long
by ridethepig