Hello Traders,
Previous time cycle (H1 time frame) worked fine in terms of “Time” since it could hold the price for 20 hours (20 candles) but in terms of Price, no volatile movement happened so became sideway. There is another cycle in the next few hours that can push price higher or lower depends on the place of price when reaches to the Time Cycle.
If price continues downward and reaches to the next time cycle (is shown by two vertical lines) when it is at swing low then, I expect the good reaction this time.
By the way, "Time Cycle zones show best time to open position"
As I mentioned before, consider that my analyses are based on “Time Cycles” so I try to define time and direction not the place of the price.
Good luck
Previous time cycle (H1 time frame) worked fine in terms of “Time” since it could hold the price for 20 hours (20 candles) but in terms of Price, no volatile movement happened so became sideway. There is another cycle in the next few hours that can push price higher or lower depends on the place of price when reaches to the Time Cycle.
If price continues downward and reaches to the next time cycle (is shown by two vertical lines) when it is at swing low then, I expect the good reaction this time.
By the way, "Time Cycle zones show best time to open position"
As I mentioned before, consider that my analyses are based on “Time Cycles” so I try to define time and direction not the place of the price.
Good luck
Good reaction happened in EUR/JPY but here is EUR/USD has not happened.
Good luck