It will affect all these pairs - NU/USD EUR/USD GBP/USD USD/JPY AU/USD
The economy in the USA is doing great. lowest unemployment numbers in 17 years. Fed is slowly increasing rates. Even if inflation isnt moving up yet, Fed is still raising rates to have some ammunition for the next recession. Keep in mind inflation is a lagging...
This one is heating up and soon ready for a short entry. The Shark pattern is almost complete and the RS is also confirming an overbought position.
B: .331 no requierment
C: 1.419 must be between 1.13-1.618
D: 2.185 must be between 1.618-2.24
final x to d - ...
Potential Bearish Gartly Pattern
this is a daily chart, I see more short term drop, with RSI as a secondary indicator.
If it continues to the d point, would be bigger sell point, taking it all the way down to
.382 which is also where the support line lines up.