luispedropinto33

Gold is running the low: possible setup forming Waiting on MSS and an FVG to form SL below the low and Tp partials

Short trigger - Playing Monday's Range Taking into consideration the analysis before FOMC, BTC drove up to our Area of Interest and reacted to Monday's High that coincides with the Weekly Open. Wasn't exactly the SFP that I was expecting, but it immediately came below Monday's High, so that should be considered for a short. Also, there was an MSB in the 1h TF, confirming the Short Trigger. Target is Monday's Low and the SL is the wick that went right above Monday's High.

Plans for after FOMC BTC is currently inside a range. DXY is inside a range too. ES is at a point of interest (4100-4200). Price could break in either direction, depending on what happens on the FOMC press release. The tone of FOMC will determine what happens to what ES, DXY, and BTC will do next. If the price reaches the lower band of the range, I will wait for a trigger on the 12h TF (SFP), expecting a bounce to some area inside a range (I expect just a retracement to then short again with more confidence) If price gets up to the upper part of the range and forms a 12h SFP and 1h MSB, I would enter short. Either way, if the price starts going outside the range, and stays there (weakness below the range low and strength above the range high), I expect the respective Areas of Interest to be tapped. For confluence, I would expect ES to have the same reaction and DXY to do the opposite. But for now, we wait for the result of FOMC.