Looking to see how we react to the 4H OB (red line) and where the market wants to go from here.
We are currently trading below the HTF range and Fed Jerome Powell will be speaking at 13:15 (NY time) so willing to let the market trap the overzealous traders until then.
Will tape read and see how we move from here and use the 4H OB as point of entry IF we hold from here.
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.
We are currently trading below the HTF range and Fed Jerome Powell will be speaking at 13:15 (NY time) so willing to let the market trap the overzealous traders until then.
Will tape read and see how we move from here and use the 4H OB as point of entry IF we hold from here.
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.
