FOMC is this coming Thursday (Beijing Timezone).
I expect USD to first strengthen against EURO to 1.17 to complete a Gartley pattern before weakening.
At 1.17, lookout for candlestick reversal completion which closes above the PRZ to execute your long.
Below are the levels I am watching.
EP 1.1690 - 1.17
SL 1.1640
TP1 1.1750 (AD 38.2)
TP2 1.1785 (AD 61.8)
Good luck and good trading guys!
I expect USD to first strengthen against EURO to 1.17 to complete a Gartley pattern before weakening.
At 1.17, lookout for candlestick reversal completion which closes above the PRZ to execute your long.
Below are the levels I am watching.
EP 1.1690 - 1.17
SL 1.1640
TP1 1.1750 (AD 38.2)
TP2 1.1785 (AD 61.8)
Good luck and good trading guys!
Note
A potential butterfly pattern to sell if EURUSD just goes higher from here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.