5 Ways To Trade FOMC Wednesday

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Jan 26, 2021 at 9:12 PM EST

What’s the best strategy for trading tomorrow’s FOMC Announcement?

Video Length: 00:50:33

What’s the best strategy for trading tomorrow’s FOMC Announcement?

With news coming in the afternoon, our focus will be the morning session, and with lots of trading-ranges on the charts tonight, we’ll be looking for failures and breakouts in our trade room tomorrow morning…

I’d love to buy a deep pullback on the Emini ES, short the expanding triangle highs on Gold, and trade the bear breakout to fill the weekend GAP on Crude Oil.Are you ready?Let’s go…

E-Mini Keys to Success:

Bullish into a range, rotation off the high
Bulls Want to buy support levels below the range or breakouts above
Bears Want to sell breakouts above and sell reversals lower

Best Setups for Tomorrow:

[DOWN] – Nested Failure setups to Buy (or) 123-Reversal to sell
[UP] – Breakout setups to Buy (or) Crown reversal to sell
[SIDEWAYS] – Sit on hands, wait for a breakout, focus on failures

(Click on image to enlarge)

Crude Oil Keys to Success:

Bullish into a range, then bearish into a range (last week’s range = magnet)
Bulls Want to take control with a 123-Reversal
Bears Want to sell resistance above the range or sell breakouts below

Best Setups for Tomorrow:

[UP] – Failures to get short (or) Breakouts to get long
[DOWN] – 2-try trap to sell (or) nested failure to sell
[SIDEWAYS] – sit on hands, wait for a breakout

(Click on image to enlarge)

Gold Keys to Success:

Bearish into a trading-range
Bears Want to sell resistance levels above the range, or sell breakouts below it
Bulls Want to buy a 123-Reversal going higher or a crown reversal at support below

Best Setups for Tomorrow:

[UP] – Failure setups to sell (or) Breakout setups to buy
[DOWN] – breakout setups to sell (or) reversal setups to buy
[SIDEWAYS] – sit on hands, wait to short the pop!

(Click on image to enlarge)

Disclaimer:

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