Short transcript excerpt from a trading-focused YouTube video warning that a market-moving news release at 8:30 may trigger a liquidity sweep followed by a sharp move. The speaker suggests today may be a setup until 8:30 and gives a "go" condition: either a sweep then reversal or a break lower from the current level to begin short trades.
What's also interesting to note about today is that we do have news at 8:30. So look for the move to happen around 8:30. So potentially today is going to just be a setup all the way until 8:30. You may sweep out the liquidity and then boom, right the opposite way. If you see that happen or if you see price just start breaking lower from this point onwards, that's going to be your go sign that you can start trading this lower.
