US30 retracement idea going into FOMC
Price is about 2.5 - 3.5 % off of its all time high. Going into tomorrow's news I suggest letting the manipulation play out then taking your trade based on the direction afterwards. I expect 35550 to act as as some kind of resistance even if it is traded past all the way to 35600ish a retracement on higher time frames looks probable back down to 35135 at the minimum.
Longer term for sellers or sell positions I am looking for the ultimate sell signal to come into play. Which would be price trading near / reaching or even trading past its all time high. In my opinion this would be a great place to enter into heavy sell positions that could be held for many days or even weeks to months for significant gain.
For now we need to rely on lower term time frames to play both directions both long and short but favoring a short term pull back that could even in fact turn I to a longer term pull back.
Longer term for sellers or sell positions I am looking for the ultimate sell signal to come into play. Which would be price trading near / reaching or even trading past its all time high. In my opinion this would be a great place to enter into heavy sell positions that could be held for many days or even weeks to months for significant gain.
For now we need to rely on lower term time frames to play both directions both long and short but favoring a short term pull back that could even in fact turn I to a longer term pull back.