EURUSD fakeout move lower, easy buy zone @ 1.1209
EURUSD fakeout move lower, easy buy zone @ 1.1209
- New Moon phase today, ends blow off moves.
- 360-day cycle extended from the prior major 2018 high
- Within the 49-day cycle, which Gann called the ‘Death Zone’, which ends blow off moves (exactly what the EURUSD is doing).
- Minor 6/8th harmonic at 1.1204 creates and sneaky but powerful reversal level.
- The RSI is at the lowest level since 2015
- long @ 1.1209 @ 1058 CST
- New Moon phase today, ends blow off moves.
- 360-day cycle extended from the prior major 2018 high
- Within the 49-day cycle, which Gann called the ‘Death Zone’, which ends blow off moves (exactly what the EURUSD is doing).
- Minor 6/8th harmonic at 1.1204 creates and sneaky but powerful reversal level.
- The RSI is at the lowest level since 2015
- long @ 1.1209 @ 1058 CST
Comment:
News is irrelevant - TIME is the cause for change.
Trade closed: target reached:
Target hit, profit taken.