EURUSD - will OverBalance strategy work?
There is a interesting sit on EURUSD if we take a look at the size of corrections in this downtrend.
There is a theory called Overbalance (OB) saying that as long the biggest correction is not broken - the trend is still in tact...
I will explain the assumptions of this strategy at 9:00 London time ( 40 min fom now) here: https://www.xm.com/live-player/advanced We had 3 corrections and each has ca 45p.... that's why I decided to close my longs and prepared for continuation of the downtrend and go short.
There is a interesting sit on EURUSD if we take a look at the size of corrections in this downtrend.
There is a theory called Overbalance (OB) saying that as long the biggest correction is not broken - the trend is still in tact...
I will explain the assumptions of this strategy at 9:00 London time ( 40 min fom now) here: https://www.xm.com/live-player/advanced We had 3 corrections and each has ca 45p.... that's why I decided to close my longs and prepared for continuation of the downtrend and go short.
It's tough to make predictions, especially about the future...