DislikedCan't sleep in anticipation for this week. I wanted to share some key spots with you guys to keep in mind. I am using my H4 timeframe ( My favorite ). As showing below you can see we are in a crucial area. 1.07975 is 38% FIB area on H4 & also a D1 Pivot Point. A support below this would fall at around 1.07950. The previous low closing candle was 1.09750 but with a tap of 1.07880. If bulls manage to stay above the 38% FIB or fall slightly below & retrace back up, measuring where buyer & seller pressure would determine if we hit 1.084 at the 23% FIB...Ignored
Back to the story. The events of Friday came unexpected, even JPMorgan have raised the possibility of November cut(which is unlikely cause it can be seen as interfere the elections). YES Q4 cut, not Q3. But there's still missing pictures of CPI and FED, and how many times FED have slapped markets in the face for running ahead of them, just because it is the nature of policy not easily to change because of markets want them to. This is the reminder for me, not too quickly decide to sell just yet. A lower high can do.
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