We have an Inverse AB=CD Pattern which is equal in lengths , while the CD Leg is formed within 6 days more than the AB leg , It is kind of an ideal pattern formation i think which suggesting a strong bullish move
From Elliot Wave Analysis also , we are currently in the bullish correction phase
The price action is currently at the support of a strong up channel
So, I think on the announcement of the NFP Results the market will go up ! and always wait for the result to affect the price action then wait the correction happening after it immediately then trade the breakout !
In the case of the break down of the blue triangle go short
From Elliot Wave Analysis also , we are currently in the bullish correction phase
The price action is currently at the support of a strong up channel
So, I think on the announcement of the NFP Results the market will go up ! and always wait for the result to affect the price action then wait the correction happening after it immediately then trade the breakout !
In the case of the break down of the blue triangle go short
Comment:
Comment:
Wow !!! .. I don't know till now what is the ACTUAL result of the NFP !!! But regardless of the result , price action behaved just as the chart says , and that chart suggested that bullish move before the actual readings of NFP being announced . That is really so amazing
Trade closed: target reached
