DislikedCould be. If we get a bounce at the 38.2 fib (1.298) we could see as low as 1.289. My TP is at 1.291Ignored
Time turns trend. - W.D. Gann
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DislikedCould be. If we get a bounce at the 38.2 fib (1.298) we could see as low as 1.289. My TP is at 1.291Ignored
DislikedHi all,
This is what I am trading for the next few hours.
A Head and Shoulders pattern. Basically I expect price to bounce off my 38.2 fib level, which is 1.298, which is at the same height as the left shoulder.
I then expect price to fall by the amount it rose, i.e. back down to 1.2900.
Here is a good description if you don't quite understand how it works
http://www.babypips.com/school/head-and-shoulders.html
JonathanIgnored
DislikedLooks like it did not want to bounce to 1.298 and prefer to go south straight.Ignored
Dislikedindeed-closed hour above 79.92 now we heading towards 80.20 if we dont fall back under 92Ignored
DislikedI may be wrong but i am seeing support of Euro /usd on all fronts. Attached is my chart. Fib lines, trend lines all coincide with the uptick of the MACD.Ignored
Dislikedwhich fronts? I can barely see "EURUSD". As Fronts you mean Time frames?Ignored
DislikedThis might push the eurusd dollar down. (- yield + value on US Bonds) (+ Value on US Bonds + Value on USD). So this could indicate a bearish bias also. This on daily data. Daily candle showing weakness on eurusd.Ignored