We had a lovely drop during FOMC, but the market failed to continue and break the indicated Daily Low. We have seen a sharp recovery and an overall bullish market structure.
Therefore, I believe even today we can either continue with that bullish sentiment or just range. Of course, we can have a bearish price action and a much deeper pullback that what I expect!
On my 1H chart you can see in gray my demand area, where I would like for price to pullback into. The Asian range is pretty compressed, which is good!! We are having flat highs on the top, which would be a great target!
Here is how a 15M setup will look like as well:
Let me know what you think. Are we going bullish or retracing further? I will share any updates I have!
Therefore, I believe even today we can either continue with that bullish sentiment or just range. Of course, we can have a bearish price action and a much deeper pullback that what I expect!
On my 1H chart you can see in gray my demand area, where I would like for price to pullback into. The Asian range is pretty compressed, which is good!! We are having flat highs on the top, which would be a great target!
Here is how a 15M setup will look like as well:
Let me know what you think. Are we going bullish or retracing further? I will share any updates I have!
No trades for me today. Time to enjoy the weekend!