As mentioned in the below video, I like the higher level of structure a lot more than the lower one, but both are worth keeping an eye on for the next leg down. It's crystal clear that the U.S. wants to raise interest rates. The best guess is September, but they have left it open by saying it depends on the economic data. I still believe that this market is prime to ignore any negative USD data (unless it's drastic) and waiting to rally on any "at expected" or positive USD news. These opinions won't affect my trading as far as looking for long or short opportunities, but they're good to know especially if the opportunity comes to shoot for extended targets.
Have a great week traders and make sure you check out the other videos in my Weekend Review Playlist.
"Maybe I Got Too Fired Up" https://www.youtube.com/watch?v=nWcmy9aVA-4&feature=youtu.be
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