Dejavu? Are we back in 1997? I found it remarkable that this March price stopped at Fibonacci pivot R1 this year, literally to the pip. So I checked how price reacts at yearly Fib pivots and this is what I found. Seems like history repeats itself:) 2020 is gonna be a big show in the EU, though it is already.
That is what a new science is telling us and what I am preparing for. Big picture. April 16th 1 pm candle had a decisive long term impact. Top Absolute Correlation 1hr 1 EURUSD - USDCHF -99.0% 2 EURUSD - EURJPY 97.1% 3 EURUSD - CHFJPY 95.5% 4 EURUSD - EURX 94.0% 5 EURUSD - EURSGD 93.8% 6 EURUSD - CHFSGD 91.7% 7 EURUSD - EURTRY 90.1% 8 EURUSD -...
Price is likely to end at weekly S5 (did not plot that but its green target). Demand line is almost flat. Sharp supply. It is also likely that it will go lower. This is no financial advise Top Absolute Correlation 1 hr 1 EURUSD - USDCHF -98.6% 2 EURUSD - EURJPY 96.4% 3 EURUSD - EURSGD 93.6% 4 EURUSD - USDPLN -93.5% 5 EURUSD - EURX 93.4% 6 EURUSD -...
Price at ranging at strong support Mid-level bearish channel Expecting price to form range beneath support Waiting for signal once new range is formed- EL around resistance TP- channel/support crossover
From the news front we are waiting for the upcoming virtual EU leader meeting on April 23. Virtual means that you are completely video recorded and this means less truth and more selfish. Consensus on it is unlikely between so many participants as we can see how hard it is going during virus crisis situation. The main problem not only how to act now, but...
EURUSD sits around 1.0850 on an important support level. The 4-hour chart is showing us that we may see retest support before an attempt to break higher The levels we must keep in mind are the following: 1.06509, 1.07710, 1.08263 - 1.09063, 1.09884, 1.11334 What do we have here? ✔️ Bullish Triangle Formation ✔️ Breakout on Multiple Timeframes ✔️ Attempting to...
Euro index chart. Monthly. Price is driven by global supply and demand. And what we are observing, is a clear oversupply of euro (all selling) and weakening demand (less international interest in euro) on universal scale. Buyers failed to break the supply line and April opened below the demand line with a gap. Top Absolute Correlation 1 EURUSD - USDX ...
That is how we see it, pretty simple. One can use ATR stop for stops (pretty accurate tool), which is based on average true range (the input can be changed). The broken demand line is more important than descending one (trendline value is measure by the number of consequent highs or lows above the extremums). I saw some of you draw a descending triangle but by TD...
I know it is hard to understand this if you do not study the "The New Science. Technical Analysis" (1994) of T. DeMark and "Methods of Wall Street Master "(1991) of V. Sperandeo on trends and trendlines . But price is projected to drop to 2000 lows with retest of the last minor demand line which we are about to break (with its consequent retest that is likely to...
Here I did 2 DM projections as regard where EURO index is gonna land. There are 3 ways to do DM post breakout projections. 1. From uppermost shadow to the trendline - works 60 % 2. From the shadow of a candle with highest close to the trendline - works 90 % 3. From the highest innermost shadow to the trendline - works 90 % Then you just clone the measurement...
EURO exposed against the basket of 3 major world currencies. Monthly chart. Trendlines drawn through valid TD points after New Science of Technical analysis.
good morning traders, so this is a little breakdown on GBPUSD and EURUSD and what i'm looking at for the upcoming weeks, there's a lot of room on both pairs and now we just need to wait for the time or the confirmation before we take them, don't get the fear and greed of missing out as this can play on your feeling and emotions with trading we don't want this, be...