has completed 3 separate bearish bat
patterns in a bearish Wolfe Wave
sell zone. This placement of the SL and TP will still be technically valid if the FOMC spike is ignored by traders and the pair rises to the .73 area again. If traders respect the spike then a drop from current levels is what I would expect. If the trading strategy calls for two targets, the first target may be placed at the WW 1-4 target line.
Confluence in the PRZ:
1. 2 Bearish
2. 1 Bearish
5. Missed Weekly Pivot
6. Missed Daily Pivot
7. Wolfe Wave
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