Possible stop hunt High with FOMC @ 2pm EST then drop.
Crude Oil News @ 10:00AM EST. Look for a stop hunt above previous highs for a precise entry. Potential to straight drop as well.
Stop Hunt Low then rise for mid week reversal?
I will be looking for the Market Makers trying to trap short holders with a spike to the Lows (creating triple bottom) and reversing back into the range.
It appears we had a stop hunt high of approx. 60 pips out of the asian range. I will be looking for a second pass around to the high (2nd leg M) and selling short. TP's @ 1.760 zone. SL 23 pips above first leg M.
We will be anticipating a stop hunt on previous lows going into the London open with possible entry point available. TP should be around approx. todays high.
Red News folder @ 830am for the USD should be the catalyst for a spike hunt above previous HOD and then to drive price lower.
with red news @ 10am im expecting a drop.
Red News Folder @ 830am for USD. This should be the catalyst for moving this trade into profit.