DYDX - Perfect formation to trade during FOMC
DYDX is interesting, especially to short. It has beautifull trendline that has been touched 3 times already.
Long is interesting too since we tested resistance zone a couple times already. It can go both ways and it's exactly what you need before FOMC.
Direction depends on what FOMC meeting today will bring us. If news are good, take green scenario. If news will be bad, take blue one.
In all cases, before entering look at 5m timeframe to find best entry point, check DOM for favorable wind and fix profit by parts.
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long is interesting too since we tested resistance zone a couple times already. It can go both ways and it's exactly what you need before FOMC.
Direction depends on what FOMC meeting today will bring us. If news are good, take green scenario. If news will be bad, take blue one.
In all cases, before entering look at 5m timeframe to find best entry point, check DOM for favorable wind and fix profit by parts.
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
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