After the NFP news this pair is at key level where we can expect some correction. On W1 chart se have a potential inverse HS pattern at the 0.65 level
On D1 chart price made a pullback to the 0.61 and is already reacting:
Here on H4 chart:
- AB=CD pattern - Strong S/R - EW wave B (circled blue-see below)
Best regards.
Comments
paulselvan
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very accurate
d1gopher57
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Would this be bullish for Silver?
FullTimeTrader
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Hello, silver is different price action right now, i prefer to stay aside. Regards.
WilliamsAdegbola
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Nice setup. 121 pips since I saw this last week!
FullTimeTrader
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Great, this pair could start a rally from here. Regards
walker.england
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Congratulations! Your chart has been selected to be our highlighted post of the day. This is a great example of coupling Fibonacci with trend based analysis.
FullTimeTrader
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Thank you!!
Rayge
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maybe this pair cannot up to 0.665
BLKS
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Agree~ usd seem to be weak among most of the pair including AudUsd,XauUsd,UsdCad,EurUsd and others as well.
FullTimeTrader
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Yes, this week we can see a pullback for all that pairs... Regards.