Next Timeline 1.11968 , the Theory is that the market can not decline until this number is reached,
because time and price must align before this is possible, which means that the market could go to 1.119687 and higher,
but it is a good target, when the timeline is reached then an oposit move could take place.
Nice trade if you followed this one, price reached the most important gann timeline, and will now probably reverse big time, I propose a short right now and stop above the line, I will target the main low, good luck
This is an important level I forcast for the near future,
if price will reach there, I will short against this line as it is expected to be strong resistance.
it is also a good place for take profit if you are long. this is not just a S/R line even if it may look like that.
it is an important level from my Gann and geometry analysis
Todays forcast of the daily low according to my Gann and Geometry analysis is 1.090653 (red line)
Price may pierce through down to the 78.6% level, could be a bounce oportunity.
please don't mind the Elliot wave, it's old and I forgot to remove it.
I'm waiting for price to come down to the buy zone. if the support will hold, then
this will complete the C in the A B C, and price and time have are then in aligment.
this is likely to start a new up trend in the EURUSD.
Initially I made a Gann analysis, and found important support where the trend is likely to return up again.
because the big boys will probably be waiting there with large buy limit orders.
however, price never reached the buy line, I think premature buying forsed the price a bit higher, but as we can see on
the current up move, it is not exactly explosive as it...
bearish divergence on the dollar,, be ready for it.
because it can drop a lot if panic selling happens.
where does that leave Euro?
it will probably take off like a rocket. note the bullishness in Euro previously,
that is a sign something is about to happen.
Right now, I'm long, but as you know, what comes up must come down, so I plan ride this move up and then reverse to the downside at a higher price. why? because we broke out from a bullish diamond pattern and it seems we have a fresh higher low.note that the larger pattern is a rising wedge, wich is bearish, it means, "probably" that we will brake down at some...