This is what you call level to level trading!
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Tomorrow is FOMC traders, please try not to over commit to the market pre-event. Best practice is to trade smaller in terms of lot size and have a tighter stop in place. Don't get trapped in the manipulation spikes or short term volume triggered candles. If you're new to trading, its best to stay out of the market until Thursday, let them drive the price to where they want and then look to get it. What ever you do, DO NOT try to catch the move if you are less experienced in the markets. There's a way to trade these events and it comes with practice and experience.
Forecast is 75bps hike which is most likely priced in. However, there is a chance they may raise it 100bps, this could potentially move the markets as well as anything Powell suggest in regard to future hikes in his press conference.
Forecast is 75bps hike which is most likely priced in. However, there is a chance they may raise it 100bps, this could potentially move the markets as well as anything Powell suggest in regard to future hikes in his press conference.
KOG Report for FOMC has been published on TradingView. If its a no show we'll stick with what we've been doing on the KOG Report from Sunday. Don't try and catch the volume driven candles, they're there to throw you off and catch you out. Wait, let them move the price to where they want to move it to.
Here we go...That's the higher targets completed 💥