Rectangle Pattern on H4! EURUSD 20-24 December 2021
The FED announced that it will hike interest rates three times next year. The ECB has done the opposite saying that interest hikes are unlikely though it will monitor inflation closely. The bulls have been exhausted, it is time for the bears to push the rate lower.
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The rate moved further away from my projection. Could that be a better entry for bears?
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There are chances for this to go down really quickly by the end of the US session.
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Today is bulls day. Enjoy :)
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We had a mild strong bull candle yesterday and some of us made a profit. Today, on the other hand, it might be a long bearish candle. :)
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The PA got rejected at fibo 0.618 of yesterday's low/high.
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