pixi

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

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.