Yesterday the triangle has work correctly with a good long leg and break up of border until 1.19 (after the adp news)
then the FED board speak stopped the rally and inverted the price direction.
The price has created a bullish flag with the price above the support 1.184
If the price remain above this suppurt there are possibility for final Leg (by my analysis wave C) until 1.20 .. in other case we can go down to 1.17/1.16
Tomorrow there will be the NFP .. a big market mover .. so all possibilities are valid ; this is a very uncertain period
then the FED board speak stopped the rally and inverted the price direction.
The price has created a bullish flag with the price above the support 1.184
If the price remain above this suppurt there are possibility for final Leg (by my analysis wave C) until 1.20 .. in other case we can go down to 1.17/1.16
Tomorrow there will be the NFP .. a big market mover .. so all possibilities are valid ; this is a very uncertain period
Trade fechado: stop atingido