We got the FOMC news out and taken a long swing trade.
Entry 17325
TP 17395
SL 17309
Expecting us to trade through the buyside liquidity sitting around 17400
News coming out did 'help' with the trade as we always get stronger manipulations so price pretty much went one way and benefited my long trade.
As you can see I was already positioned before the news and had tight stops based on the LTF invalidation...stops right at the 5min OB (red box).
As always no need to chase the market and we are still trading within range. Expecting DXY to continue on going higher so overall view on US 100, US 30 and other assets remains bearish for now.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Entry 17325
TP 17395
SL 17309
Expecting us to trade through the buyside liquidity sitting around 17400
News coming out did 'help' with the trade as we always get stronger manipulations so price pretty much went one way and benefited my long trade.
As you can see I was already positioned before the news and had tight stops based on the LTF invalidation...stops right at the 5min OB (red box).
As always no need to chase the market and we are still trading within range. Expecting DXY to continue on going higher so overall view on US 100, US 30 and other assets remains bearish for now.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
