During the last FOMC minute, FED has confirmed that the rate hike is over but they don't know when will be the appropriate time to cut it. Technically, we can notice three points :
- first, the correction is done if we use our fibonacci retracement from 1972 $ to 2090 $ (50 % or 61 %) ;
- second point, we also notice two big rejection in the 2030 $ zone and I think many sellers traders were trapped yesterday when NFP was released ;
- last point, the heads and shoulder pattern in daily chart. The 1930 $ support is around the nickline of this pattern.
To conclude, I'm buyer for all january month. What do you think ? Share your opinion.
- first, the correction is done if we use our fibonacci retracement from 1972 $ to 2090 $ (50 % or 61 %) ;
- second point, we also notice two big rejection in the 2030 $ zone and I think many sellers traders were trapped yesterday when NFP was released ;
- last point, the heads and shoulder pattern in daily chart. The 1930 $ support is around the nickline of this pattern.
To conclude, I'm buyer for all january month. What do you think ? Share your opinion.