Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Unemployment rate unexpectedly rises to 3.8% in August: What's going on?
Views 128K Contents 13

It is all down to Friday Non Farm Payroll (NFP)!

Simple observation
- MA5 above MA20
- MA5 also above MA50
- Double bottom with neckline at 444/445 (also confluence with MA20 and MA50)
- Can the price action stay above 450?
- 30mins Chart shows an inverse cup to 444/445 (coincide with above back test of neckline price action)

Possible outcome
- Good NFP reaction - Stay in buy channel and attempt to break into previous range above 452
- Bad NFP reaction - Back test to 444/445 and depends if bulls hold it

Leaning bullish for now. Good luck, all!
It is all down to Friday Non Farm Payroll (NFP)!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
7
+0
Translate
Report
12K Views
Comment
Sign in to post a comment
    518Followers
    541Following
    2464Visitors
    Follow