itsjustanalysis

EURUSD total capitulation warning, possible 500+ pip drop

Short
OANDA:EURUSD   Euro / U.S. Dollar
The Rule of Angles states that if price breaks an angle, it will move to test the next. This is a considerable confluence zone that the EURUSD is at. Major intersection of major harmonic price level, fib level and Gann angles in a Square of 90. And we are approaching the end of an entire square, which is over 5 years old. If price fails to hold this 1.167 level and again falls below this angle, we see an open expanse... really and abyss between this angle and the one below.

Which is 800+ pips down.

And the move would be swift.

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