here is a trade idea that is a continuation of my previous idea. The idea will be invalidated if Wave 5 high breaks (Stoploss), I can see the market going down from here into at least the 3800 range!
Feel free to take a look at my macro analysis for a broader understanding of the market structure.
Right now in the 15 minute, a head and shoulder pattern formed with a broken neckline, which was my entry for the trade. My target is in the 4100-4100 region, with a lower target in the 3850 region.
The FOMC meeting on Wednesday at 2:00 will probably cause a huge spike to the upside to destroy shorts and then it will resume the downward trend in my opinion.
Comment you feedback I love to learn and answer questions!
Feel free to take a look at my macro analysis for a broader understanding of the market structure.
Right now in the 15 minute, a head and shoulder pattern formed with a broken neckline, which was my entry for the trade. My target is in the 4100-4100 region, with a lower target in the 3850 region.
The FOMC meeting on Wednesday at 2:00 will probably cause a huge spike to the upside to destroy shorts and then it will resume the downward trend in my opinion.
Comment you feedback I love to learn and answer questions!
Trade chiuso: obiettivo raggiunto
This trade went exactly as planned, now I am looking for further shorting opportunities after ABC retracement, into supply zone.I am also waiting for FOMC meeting at 2:00 Wednesday, for a big move
Trade chiuso: obiettivo raggiunto
Target reached, great R:R play, Follow and like for more!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.