FOMC - Will We See A Repeat Of Last Week's Sell-Off?
Hello Traders,
Here is a quick post about the FOMC meeting and prior FED news.
I'm partly anticipating for price to test the key resistance level on Tuesday, the day before the FOMC meeting.
- My concern is that price did the same thing last week the day prior to the CPI Data being released... Obviously a large sell-off followed.
I don't think it's a coincidence how things played out last week, it was obviously deliberate.
- Smart money positioned the price exactly where they wanted it to be...
- With this in mind I wouldn't be surprised if the same thing happened this week.
So my question is... Will we see a repeat of last weeks sell off when price came into a key level the day before?
It's something to think about, I just wanted to share this with anyone who might be curious.
Thanks everyone and best of luck trading!
Here is a quick post about the FOMC meeting and prior FED news.
I'm partly anticipating for price to test the key resistance level on Tuesday, the day before the FOMC meeting.
- My concern is that price did the same thing last week the day prior to the CPI Data being released... Obviously a large sell-off followed.
I don't think it's a coincidence how things played out last week, it was obviously deliberate.
- Smart money positioned the price exactly where they wanted it to be...
- With this in mind I wouldn't be surprised if the same thing happened this week.
So my question is... Will we see a repeat of last weeks sell off when price came into a key level the day before?
It's something to think about, I just wanted to share this with anyone who might be curious.
Thanks everyone and best of luck trading!
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