Bearish Pattern in the making
Updated
Currently have a bearish cypher pattern in the making and with current global economics situation (i.e. global tensions subdued, Japanese elections done and dusted) there is little evidence this won't be achieved.
Looking at ca. 2 weeks for this to happen and not in a straight line so will be looking very closely to PA as the events occur. Good Luck!
Events to keep in mind:
27.10.17 US GDP figures
30.10.17 US Price index figures
31.10.17 Yen rate decision and policy statement (no change anticipated but take note of any QE tapering)
01.11.17 US Fed rate decision decision and policy statement (no change anticipated but take note of hint for Dec hike and next year forecast)
01.11.17 ADP unemployment change (pre NFP indicator imho)
03.11.17 NFP (this will be very significant as forecast predicts around 300k change from the -33k reported in Oct. Any major deviation and TP 2 i.e. 3 won't be reached)
Looking at ca. 2 weeks for this to happen and not in a straight line so will be looking very closely to PA as the events occur. Good Luck!
Events to keep in mind:
27.10.17 US GDP figures
30.10.17 US Price index figures
31.10.17 Yen rate decision and policy statement (no change anticipated but take note of any QE tapering)
01.11.17 US Fed rate decision decision and policy statement (no change anticipated but take note of hint for Dec hike and next year forecast)
01.11.17 ADP unemployment change (pre NFP indicator imho)
03.11.17 NFP (this will be very significant as forecast predicts around 300k change from the -33k reported in Oct. Any major deviation and TP 2 i.e. 3 won't be reached)
Trade closed: target reached
Main trade closed and that under 2 weeks. ps. sneaky 1 trade left open to see if the 1.01 can be reached ;)
Trade active
ignore recent update...that was meant for my USD/CHF ideaOrder cancelled
2 weeks gone and failed to hold at 114.00
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