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EUR/USD is currently in a bear trap

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Cuong Truong
4244
Cuong Truong 2015.10.26 04:10 

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
1332
Tan Phan Ngoc 2015.10.26 05:39  
50% right 50% wrong.
gurjit singh
126
gurjit singh 2015.10.26 08:24  
Tan Phan Ngoc:
50% right 50% wrong.
Right answer
Cuong Truong
4244
Cuong Truong 2015.10.26 18:27  
It looks like price starting to reverse today and continues to rise.
Cuong Truong
4244
Cuong Truong 2015.10.26 20:11  

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
3122
Ex Ovo Omnia 2015.10.27 10:07  
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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