I am looking for opportunities to scalp/trade when there is indecision in the market…for example before powell speech bitcoin was ranging so I made some good profits trading within the range...are there any other opportunities when there is indecision in the market apart from hours before Powell speech?
Well personally I won't advice you to depend too much on news
Because sometimes the movement of the market when a news is ongoing is not usually what we expect
Well since have decided to scalp
You shouldn't focus entirely on news also pay close attention to indicators and appropriate analysis of the market
But since you asked a question let me help with what i know. Besides Powell speeches, here are other opportunities to consider:
Economic Events
1. FOMC meetings (Federal Open Market Committee)
2. Non-Farm Payroll (NFP) reports
3. GDP announcements
4. Inflation rate releases (CPI, PPI)
5. Central bank interest rate decisions
Pre-Event Range-bound Opportunities
1. Earnings reports (e.g major companies)
2. Major economic indicator releases (e.gPMI, retail sales)
3. Government reports (e.g trade balance)
4. Geopolitical events (e.g elections)
Technical Analysis-based Opportunities
1. Consolidation phases after strong trends
2. Symmetrical triangles, wedges, or rectangles
3. Doji candles or spinning tops on higher time frames
4. Support/resistance levels, especially around round numbers
Market Structure-based Opportunities
1. Order block formations
2. Imbalance between buy/sell orders
3. Low volatility, tight ranges
4. Unfilled gaps or pockets of liquidity
Other Indecision Indicators
1. Flat or neutral moving averages
2. Low Relative Strength Index (RSI) values
3. Bollinger Bands contraction
4. Decreased trading volume
Tools to Help Identify Opportunities
1. Economic calendars (e.g., Bloomberg, Investing.com)
2. Technical analysis software (e.g., TradingView, MetaTrader)
3. Market sentiment tools
I hope you find this useful