Multiple Time frame Setup before the Fed Announcement. There seems to be a lot of Day/Swing trading multiple time frame support/resistances setting up.
Here is what we are seeing. All charts are provided by eSignal.
Below is the weekly chart for Crude Oil. It has a iMTF Support at 48.15.
Below is the 60m chart for Dollar Futures. It has an iMTF resistance at 94.84.
Below is the 60m chart of Gold futures. It has a iMTF support at 1286.90.
These 3 main products have iMTF at the day/swing trading level. It would have been better if it also included the long term but it doesn’t.
If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at email@example.com
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