I Dont trade news and dont advise anyone to trade it.,. but here is a analysis on where I think fomc will take DOW On the higher time frame we had a stop hunt pushing price lower towards gap but didnt fill in the gap. also leaving imbalances to be filled first before dropping lower.
Price ran down into the higher timeframe gap. Breaking structure to the upside A retracemwnt should do send price above the equal highs and possibly to 8008 price. Then news could possibly send price back under gap after highs are hit.
This is how I Picture EURUSD Going for the rest of the year or atleast until target is hit. price is breaking opposing resistance areas thats now turning into support to continue price in the bull model market pattern.
Possible buys on Gold. we made a inside bar while being bullish. if price rejects the low of previous days daily then price can push up big possibly too 1993 by end of day or tomorrow. Once price does drop below previous day the 1 min or 5 min needs to show signs of wanting to go higher.
ON the higher time frames price is respecting levels and in sequence with the lower time frame. a possible sell is coming at this level in price with eurusd
still on a bullish run. I Feel cpi might push price up to above the next high and above a few and bring it back lower.
A Small lil area under the lows have been left and an important level wasnt touched. my theory is before price pushes higher to a strong S/R this area needs to be touched first.
Practicing my news direction, not actually taking trades. This is my idea for fomc, I’m bullish on the week and believe the low was made Tuesday and strong support was created.
Long idea based off daily Order block. Price should drive down taking liquidity before pushing up
Price closed above 4hr gap with a target of 3755 to be taken out.
a strong resistance presented itself and price should start moving lower.
after a big move yesterday the momentum possibly slowed down. here is a low risk short term sell trade idea.
price hit a significant low of support and created entry points to the upside. once price retraces into entry area price should proceed up.
Price hit a powerful area and created good support for a retracement to the upside
Price tested, went through and came back above yesterday’s lows. Price should push up from here after one more retest but I’m getting in now
Bearish indication on 4hr. At a major resistance and on the 1 min you see one last clean area that needs to be filled by banks.
price took a old high at a very important time then expanded lower. now price is retracing for weekend banks to get back in to contiue ride down.