I was Wrong. I was becoming permabull. But the fact is so clear on the Year chart that EURUSD has not made good support this year, that i have to change coompletely my view. Forgot this year having a look to the Year chart. They are so clear if u know more or less how Bars chart work.
Prices last week tested 2015 Close price and strong reversed, we can expect that to be the Year high. 2000 High and 2002 high and Close prices where tested last year 2016.
This year there is a high chance to break down and test year 2000 Open price, from where we can expect to be the 2017 Low.
Generally speaking what can we expect for all EUR pairs? exactly the same or very similar. Tend to go to the year 2000 OPEN PRICES.
TONS OF PIPS CAN WE MAKE BY FOLLOWING YEAR CHARTS, AND TONS OF UNNECESARY DRAW DOWN. I MADE A MISTAKE LAST WEEK AND LOST PIPS HOLDING LONG.
Prices last week tested 2015 Close price and strong reversed, we can expect that to be the Year high. 2000 High and 2002 high and Close prices where tested last year 2016.
This year there is a high chance to break down and test year 2000 Open price, from where we can expect to be the 2017 Low.
Generally speaking what can we expect for all EUR pairs? exactly the same or very similar. Tend to go to the year 2000 OPEN PRICES.
TONS OF PIPS CAN WE MAKE BY FOLLOWING YEAR CHARTS, AND TONS OF UNNECESARY DRAW DOWN. I MADE A MISTAKE LAST WEEK AND LOST PIPS HOLDING LONG.
Comment:
there is an old indicator called "A1 M-Yearly" you can google for it
Example EURNZD 2000 open price is above current price, so expect can be EURNZD to go test 1.63175, the year tend line and resistance, and that move is a 800 pip move while eurusd is heading down to 1.05 area.
or EURGBP, year 2000 open price is below current, we can expect to head down to test 0.83 2013 close or break down to 0.7866 2015 high, wich also are like 200-600 pip, while eu test that low.
or EURAUD wich 2000 open price is hgher, and we can expect EURAUD long to test 1.48167 wich is 2014 close price and also a 800 pip move.