Getting excited over power move and close after Wednesday night FOMC
Big picture shows how price have reacted to w1 level. 9365 is indeed the price level that price has rebounded from.
On h4 a wr4b is completed from this bounce. However this bounce has significance. A bearish expansion day was undone by a bullish expansion engulfing day. it has strongly validated this support level and WR was done in style via a bullish kicker.
Daily candlestick bullish kicker
h1 trade plan
Seeing that this A trade , i have immediately hit a position in the middle of nowhere. I do not want to lose out on a potential upmove and left me behind when I am not in yet.
However, the bulk of my positions are buy limit at the wr3b box low.
I am willing to lose up to 70 pips but I have already…
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