Hike or not Hike, that's the question

FX:EURUSD   Euro / U.S. Dollar
Here 2 patterns projection for "anticipate" the Fed announcement about the rates.

If market is reacting logically (that's not always the case), and if price reaches one or the other PRZ:

Fed's rate hike: Eurus should be bearish
Pattern : Gartley bearish

No change: Eurus should be bullish
Pattern : Bat Bullish

Just an idea, not a trade for the moment.
Preference goes to Bearish Gartley .

Note : likely bullish gartley pattern for USDollar            
You mean EUR USD will be for sell from now on
pixi Abdullah76
Hi abdullah76, NO, i don't mean sell or buy from now. This setup is not a yet an entry trade, i have to wait if price will go to one or other PRZ (Potential Reversal Zone) and see any Price Action before changing this idea in active trade.
So patience...
Thanks alot
Wonderful insight and idea. Thank you
pixi tolanir
you're welcome
Pixi, thank you for your idea. Do you think rate hike will make Gold falling or not?
pixi FreshOilTrader
hi FreshOilTrader,

As i said, if market is reacting logically, yes, gold should fall (like any pair in USD, imho)
But remember, in december 2015 when the first rate hike was decided, gold took 30% upward. Logic ? not really.

So, i don't care if hike or not hike.
In my chart you could invert "HIKE" and "NO hike" because i'm a "fibo/harmonic" trader and not a Fundamental trader.
But, in all cases, this event could be a good opportunity for any kind of reversal (up or down)
Thank you, Pixi! I see your market understanding is really deep. Excellent feeling of future moving. I fully agree with you that such oftern movements is really unlogical. Will see. I would like also to show you my trading plan. https://goo.gl/khcP39
pixi FreshOilTrader
You're welcome.
Regarding your trading plan, preference goes to your dashed orange line ;). Nice. (i have 1275$ for a likely bottom in short term )
Pixi, there is such DSI (Daily Sentiment Index) which is good indicator sometimes as is shows crowd behavior. As I know it is just 20-25% Bulls now in a crowd, the reason to be super carefully with the shorts.
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