Watching 1209, watch for channel break; is short take a breather? Then let's see how deep it wants to go...
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Time-wise, I'll look to close shorts and/or turn bull after the rate hike. No sense in getting in too early. Lastly, channel will tell next move. I'm practicing patience. Areas of interest:
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The Federal Reserve MIGHT raise interest rates at its next meeting, on March 14-15.Note
Trade closed: target reached
Exited 60% of shorts. Last moved SL to capture profits but want something with target of 1193 zone. Will review in morning after NFP; going to bed. Good luck everyone.
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We are either testing it from the outside, or need to redraw the channel as it tests the upper trend line...Note
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Touches, barely crossed but no candle fully closed outside of trend line channel.Note
Added short. too this last pass. Will create sl at be once it has room to wriggle.Note
Still holding longs from 1197.12Note
We have positive BO, now watching possible test then run up to next targets. 1212, 1217, then, maybe deeper test. Note
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5m channel fun trade:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.