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EUR/USD is currently in a bear trap

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Cuong Truong
4563
Cuong Truong  

EUR/USD is currently in a bear trap

Hidden letter "M" pattern spotted on the EUR/USD 4 hour time frame on 10/25/2015.


Most traders are currently falling into a classic bear trap.

Tan Phan Ngoc
1328
Tan Phan Ngoc  
50% right 50% wrong.
gurjit singh
126
gurjit singh  
Tan Phan Ngoc:
50% right 50% wrong.
Right answer
Cuong Truong
4563
Cuong Truong  
It looks like price starting to reverse today and continues to rise.
Cuong Truong
4563
Cuong Truong  

FOMC past data.


Do you see the pattern?

Based on this pattern, it's safe to assume, the rate will most likely remain to be <0.25%

Currently, there are no realistic reasons to believe USD interest rate will rise. Everything about the USD is fraud. That's the bottom line.

This is the main reason how I know the price of EUR/USD is in a bear trap.

Sep 17, 2015 <0.25% <0.25% <0.25%
Jul 29, 2015 <0.25% <0.25% <0.25%
Jun 17, 2015 <0.25% <0.25% <0.25%
Apr 29, 2015 <0.25% <0.25% <0.25%
Mar 18, 2015 <0.25% <0.25% <0.25%
Jan 28, 2015 <0.25% <0.25% <0.25%
Dec 17, 2014 <0.25% <0.25% <0.25%
Oct 29, 2014 <0.25% <0.25% <0.25%
Sep 17, 2014 <0.25% <0.25% <0.25%
Jul 30, 2014 <0.25% <0.25% <0.25%
Jun 18, 2014 <0.25% <0.25% <0.25%
Apr 30, 2014 <0.25% <0.25% <0.25%
Mar 19, 2014 <0.25% <0.25% <0.25%
Jan 29, 2014 <0.25% <0.25% <0.25%
Dec 18, 2013 <0.25% <0.25% <0.25%
Ex Ovo Omnia
3317
Ex Ovo Omnia  
Cuong Truong:

FOMC past data.


Do you see the pattern?

Based on this pattern, it's safe to assume, the rate will most likely remain to be <0.25%

Currently, there are no realistic reasons to believe USD interest rate will rise. Everything about the USD is fraud. That's the bottom line.

This is the main reason how I know the price of EUR/USD is in a bear trap.

Sep 17, 2015 <0.25% <0.25% <0.25%
Jul 29, 2015 <0.25% <0.25% <0.25%
Jun 17, 2015 <0.25% <0.25% <0.25%
Apr 29, 2015 <0.25% <0.25% <0.25%
Mar 18, 2015 <0.25% <0.25% <0.25%
Jan 28, 2015 <0.25% <0.25% <0.25%
Dec 17, 2014 <0.25% <0.25% <0.25%
Oct 29, 2014 <0.25% <0.25% <0.25%
Sep 17, 2014 <0.25% <0.25% <0.25%
Jul 30, 2014 <0.25% <0.25% <0.25%
Jun 18, 2014 <0.25% <0.25% <0.25%
Apr 30, 2014 <0.25% <0.25% <0.25%
Mar 19, 2014 <0.25% <0.25% <0.25%
Jan 29, 2014 <0.25% <0.25% <0.25%
Dec 18, 2013 <0.25% <0.25% <0.25%

 Actually I am targeting parity or even lower, depends on what happens at 1.08 and 1.05.

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