💥 Federal Reserve Statement Later! 💥
💥Quick TA here since the main point I basically just want to emphasize is that regardless of whatever TA I do right now or price action, price seems to be pretty steady and looking for the next major move even though we've drifted down a bit though are now within this semi wedge that brought about resistance for us so far.
💥Also to note is that at 0.418 we hit that resistance of the upper corridor/channel you could say which is what likely caused us to get that pivot at 0.42 and on down having hit that. After that started we've basically just been within this wedge that'll help determine things until 2pm or so likely when the Federal Reserve has the Federal Reserve Statement. Before I close this idea I just want to remind you guys of how that CPI data release hit us and this is an actual statement so that's something to note.
💥Anyway it looks like should we fall out and lose this wedge then fall below that 0.39 support we could lose our 200 EMA and that wouldn't exactly be ideal of course but should we lose that we'd could possibly be seeing 0.35 or 0.34 depending on how dramatic the exit is but be on watch for that as well as our EMA's!
💥Thanks for tuning in as always, if you'd like to leave a like or follow it'd be much appreciated!
~ Rock '
💥Also to note is that at 0.418 we hit that resistance of the upper corridor/channel you could say which is what likely caused us to get that pivot at 0.42 and on down having hit that. After that started we've basically just been within this wedge that'll help determine things until 2pm or so likely when the Federal Reserve has the Federal Reserve Statement. Before I close this idea I just want to remind you guys of how that CPI data release hit us and this is an actual statement so that's something to note.
💥Anyway it looks like should we fall out and lose this wedge then fall below that 0.39 support we could lose our 200 EMA and that wouldn't exactly be ideal of course but should we lose that we'd could possibly be seeing 0.35 or 0.34 depending on how dramatic the exit is but be on watch for that as well as our EMA's!
💥Thanks for tuning in as always, if you'd like to leave a like or follow it'd be much appreciated!
~ Rock '
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