zakoraio

Setups to take advantage of FOMC volatility tomorrow.

Long
BITGET:BTCUSD.P   BTCUSDPERP PERPETUAL MIX CONTRACT
Here is my setup for Good Volatility, whether it is today or tomorrow I don't care. We are currently trading in a perfect symmetrical triangle. This happens repeatedly where PA stalls and starts contracting for a big move in either direction. I am not sure what will happen tomorrow, So I produce best plan to take advantage of the Volatility. I have marked two targets based on Pattern and projected a measured move for breakout that coincides with the time of FOMC meeting tomorrow (Note: this may happen earlier as well which will affect the targets slightly but not by much). If you are already in a long and we indeed break out to the upside the 21.4 is where one can tp. We have a downside target around 19.4. This is the setup I am really interested in. The chart shows two longs which are part of same setup, one can choose to take those based on their risk tolerance. The logic behind this setup is for Market Makers to play against the retail, If the news comes out to be neutral, Market Makers can try to initiate a move to the downside to grab liquidity from below for an ultimate move to the upside. We have three major POI for the move to the downside (Key support at 19.934 Which is also 0.38 retracement of the 25K to 18K range, SP at 19824 and then 4h FVG at 19750), that's where the Setup ends, I have given 50$ additional room for any wicks below that.

The Inspiration: Behind the setup is 13th July When the CPI came out slightly greater than Retail Expectations and was considered a neutral event overall. The Motivation: Behind the setup is that we initiate a Pump which lasts more than a month and takes us to at least 25K.
The Groundwork: Checkout my DXY weekly analysis.

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