DayFarrell
Short

EURUSD SHORT BIAS

FX:EURUSD   Euro Fx/U.S. Dollar
HERE IS ANOTHER EXAMPLE OF WHY I CALL THIS PATTERN A STAIR CASE OR STAIRS, WHICH ENDS WITH A U SHAPE.

THE RATIOS ARE: 23.6-38% RETRACE BETWEEN A STRONG MOVE,

THEN A 76 % FIB EXPANSION CONTINUATION OF THE MOVE

WHICH THEN GOES INTO A 38% RETRACE.

AS ALL TECHNICAL ANALYSIS , THERE ARE A BIT MORE MATHS INVOLVE BUT IT'S MOSTLY EXPERIMENTAL. THE TREND ANGLE FOR EXAMPLE IS A GREAT TOOL TO UTILIZE DURING ANALYSIS, IT ASSIST IN PREDICTION WHEN COMPARING TIME PERIOD AND PRICE.

HAPPY NEW YEAR, I WISH FOR EVERYONE A PROSPEROUS 2016!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out