I’ve capitalized on the nice swings in price action this week—could there be one more opportunity? I’m closely watching for a break in structure to the downside, as my overall weekly bias remains short. This move could result in a strong push lower or a smaller breakout to the upside before resolving. We’re currently in a major zone, and breaking this trend could signal a test of the lows with potential continuation. My weekly bias is informed by analyzing the COT report to track large speculators and leveraging tools to gauge retail sentiment.
Note
Fed Chair Powell Speaks in 39 minutes
Trade active
Active trade but not fully scaled in yet. Volume is low due to a major news catalyst in a few minutes.
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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.