XAUUSD - Potential Bullish Bat Pattern on H4 Chart

1 Mei 2017

What will the Fed do?

• We have a couple of major US announcements this week, mainly interest rate decision, NFP and unemployment rate
  
• It seems like the Federal Reserve will signal no change in its plans to gradually raise interest rates despite recent weakness in the economy, Trump's tax plans won’t factor much in central bank decision-making
  
• Fed officials have said repeatedly they believe the economy’s sluggish performance so far this year is temporary
  

- High market volatility should be expected this week, do trade with caution.
- RSI still moving down to oversold level
- R:R at 1.3 (TP1) and 2.4 (TP2)

I will update when pattern completes.

8 Mei 2017

Pesanan dibatalkan

PRZ not respected, no trade.