Euro / U.S. DollarUpdated WAITING FOR THE NFP RESULTS
We have an Inverse AB=CD Pattern which is equal in lengths , while the CD Leg is formed within 6 days more than the AB leg , It is kind of an ideal pattern formation i think which suggesting a strong bullish move
From Elliot Wave Analysis also , we are currently in the bullish correction phase
The price action is currently at the support of a strong up channel
So, I think on the announcement of the NFP Results the market will go up ! and always wait for the result to affect the price action then wait the correction happening after it immediately then trade the breakout !
In the case of the break down of the blue triangle go short
From Elliot Wave Analysis also , we are currently in the bullish correction phase
The price action is currently at the support of a strong up channel
So, I think on the announcement of the NFP Results the market will go up ! and always wait for the result to affect the price action then wait the correction happening after it immediately then trade the breakout !
In the case of the break down of the blue triangle go short
Note
Note
Wow !!! .. I don't know till now what is the ACTUAL result of the NFP !!! But regardless of the result , price action behaved just as the chart says , and that chart suggested that bullish move before the actual readings of NFP being announced . That is really so amazingTrade closed: target reached
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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.