EUR/USD Possible price movement
Hello Traders,
Blue line on the chart is the possible price movement. This analysis is a little bit different from previous analyses since it is not just based on Time Cycles, so the precision might be less but I think it’s reliable. If that is the case then, we already know the end of the wave (Gray rectangle). I will update it later. The blue line only shows direction and time but the real price movement could be more volatile.
Here are my previous analyses which I forecasted the Trend Reversal and the Time Cycle zone (two black vertical lines).
Good luck
P.S. Sometimes I define the Time Cycle zones in advance, so these analyses might need real time updates and if you want to consider them for your trading, you need to check the updates when price reaches to the Time Cycle zone. In case that they are valid and nothing changes, I would not update the analysis at the time of Time Cycle zone.
I try to define the best time for Correction or Trend reversal in the market, “Time Cycle zone”, not the exact place of price, so lines and bar patterns that I put on the chart are only showing time and direction.
Another thing is that you need to follow your own strategy and risk management. These analyses are just my opinions and they might be wrong. They are not trading advice.
Blue line on the chart is the possible price movement. This analysis is a little bit different from previous analyses since it is not just based on Time Cycles, so the precision might be less but I think it’s reliable. If that is the case then, we already know the end of the wave (Gray rectangle). I will update it later. The blue line only shows direction and time but the real price movement could be more volatile.
Here are my previous analyses which I forecasted the Trend Reversal and the Time Cycle zone (two black vertical lines).
Good luck
P.S. Sometimes I define the Time Cycle zones in advance, so these analyses might need real time updates and if you want to consider them for your trading, you need to check the updates when price reaches to the Time Cycle zone. In case that they are valid and nothing changes, I would not update the analysis at the time of Time Cycle zone.
I try to define the best time for Correction or Trend reversal in the market, “Time Cycle zone”, not the exact place of price, so lines and bar patterns that I put on the chart are only showing time and direction.
Another thing is that you need to follow your own strategy and risk management. These analyses are just my opinions and they might be wrong. They are not trading advice.
Nota
Now price is 1.18163, if it goes above 1.18345, I'll ignore the analysis but the time that Gray rectangle shows will be valid. I will update it later when price gets there.
Penafian
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