US30 Bull to Bear Trade on FOMC day

22 mars 2023

US30

With today's highly volatile FOMC meeting around the corner, I'm expecting price to reach the 33000 level and take out all liquidity in this area before making an extremely sharp and aggressive downturn to new swing lows.

Stay safe out there,

The Meditrader

22 mars 2023

Note

*Note that entries, exits and SL are approximations and will depend on structure at that time.

I'm currently long and my SL will remain slightly flexible.

22 mars 2023

Note

**UPDATE

A potential downward wedge is forming which could drive prices down to the 32400 level if this SFP bar holds. Regardless, I'll be adding to my position in that zone should we get a better discount.