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
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
