Not all that phazed about the interest rate hike it seems. Regression is still bullish for now even if it isn't by all that much.
A break of 2382 to the upside would be quite a bullish sign for me. If we stay below 2375 I favor shorts but will pay close attention to what price action does around 2368 and 2362. Obviously any real drop below 2362 would be really bearish.
The 2375-2382 range isn't large enough for me to bother range trading it.
Will probably just make my life easy and go long above 2375 and short below while keeping an eye on key levels mentioned above. Might also consider a short around 2380-2382 if there's some bear momentum building up on lower time frames. In fact, a rejection around 2380 is probably the "safer" entry compared to already going short at 2375. I like tight initial SL ;)
Nicely done @TradeApe - a very important day overall even though without much movement
TradeApe
⋅
@FoggyLights, Yeah the 2380 short call was pretty spot on :D
UnknownUnicorn292837
⋅
@TradeApe, It feels good when we catch those big moves and without bailing out too soon :)
TradeApe
⋅
Retest of 2368 complete :)
TradeApe
⋅
Nice retest of the 2368 point of control from last week. Could be a buying opportunity, but I'd pay close attention to 2375 because there's a good chance price gets rejected at that resistance level should it head higher from here.