TRADING BLOG EP. 51 - PRE-FOMC TRADING
Today is supposed to be a crazy trading day with the Federal Funds Rate announcement & FOMC Press Conference later. However, I was still able to nail a nice buy position before the markets really go crazy.
As value started to shift higher I knew I wanted to be long. I just needed a proper level & confirmation to get in on the bullish price action. The market traded into an old POC and started to find support there. I saw sellers getting trapped & buyers gaining control of the market, so I went ahead & got long & slowly started to unwind the position at the upper extremes.
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