Heres my current view on euro$.
When indicators become crossed, flat, or uncertain, revert back to basic trend lines and rules, and how you have come to know a pair to act.
The yellow entry box falls between the 61.8 and 76.2 fibos. This is also where the euro$ likes to retrace much of the time. The bottom main trend line is actually a median line to an Andrews pitchfork on the weekly chart. So the top main trend line is weekly and holds much significance. So if price over shoots the yellow box there is a 2nd entry at the top trend line. Another point big players will look to go short, and or TP on longs.
And this will complete an a,b,c correction to the 5 waves previous trend.
Today I just wait to see if it takes the first leg of the path.
Dave
When indicators become crossed, flat, or uncertain, revert back to basic trend lines and rules, and how you have come to know a pair to act.
The yellow entry box falls between the 61.8 and 76.2 fibos. This is also where the euro$ likes to retrace much of the time. The bottom main trend line is actually a median line to an Andrews pitchfork on the weekly chart. So the top main trend line is weekly and holds much significance. So if price over shoots the yellow box there is a 2nd entry at the top trend line. Another point big players will look to go short, and or TP on longs.
And this will complete an a,b,c correction to the 5 waves previous trend.
Today I just wait to see if it takes the first leg of the path.
Dave
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