Currently I am bearish on this pair with take profits at 10744.
I do see a possible rebound with a Gartley , so I will watch the price action at PRZ. Most important level should be AB=CD.
Also , keep in mind that a failed Garley could form a Crab, and with all the fundamentals and the rate hike we are prone to all kind of violent moves that can easily wipe out our SL. I would not be surprised if the price will go all the way down to touch 1,618 BC projection just to come back next day.
I do see a possible rebound with a Gartley , so I will watch the price action at PRZ. Most important level should be AB=CD.
Also , keep in mind that a failed Garley could form a Crab, and with all the fundamentals and the rate hike we are prone to all kind of violent moves that can easily wipe out our SL. I would not be surprised if the price will go all the way down to touch 1,618 BC projection just to come back next day.