I am a student to trading so please do not use these top trade. I would like to get a professional view on the 61.8 % fib push and pull I see happening.
I see on a weekly pattern a 61.8% recycling pattern Which completed the Sep uptrend cycle period. I think we are about to switch over to the Monthly 61.8% cycle and if we monitor the min candles we will be able to determine what the market believes the fed's will do i.c.w rate hikes. I personally feel like they wont increase the rates this month but definitely November and December (Bonus time) - Could be wrong
NASDAQ also broke its support from what I could see,
Monitoring the candle movement at 113.442 might be a lovely short position if it breaks going long USD/ short stocks / eth / bitcoin
These are purely my views.
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NASDAQ Not doing well. USDZAR Pair boosted Scary stuff