FOMC meeting ahead guys, I do not expect rates cut this time but some volatility is something we can expect anyways. Provided bias is quite risky to trade and requires strong risk management skills but if it works there is a chance to gain some profits.
Price below Fib 50% (discount area), we have some liquidity pools above current price level. Spike up to grab all those stops and liquidate gamblers is something reasonable. Once price is above Fib 50% (premium market) go down to 5 min (or even 1 min) TF and observe price action for potential structure breaks.
Let's see if it is correct. If it's I'll post additional message where profit taking areas are.
3-5x leverage, forget about 100% margin and set stop above recent high (4H).
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