EURUSD - Trends, Forecasts and Implications (Part 2) - page 1261

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I have added new resistance and support levels to complete the picture ...
I have added new resistance and support levels to complete the picture...
The Gann Grid represents trends plotted at a 45 degree angle (Gann Lines). According to the concept of Gann, a forty-five degree line represents a long term trendline (rising or falling). As long as prices are above the ascending line, the market keeps a bullish direction. If prices are below the declining line, the market is bearish. Intersection of the Gann Line usually signals of breaking the basic trend. When prices fall to this line during an ascending trend, time and price become fully balanced. Further crossing of the Gann Lines indicates that this equilibrium is broken and that the trend may change.
To build a Gann Grid, you need to set two points that define the size of the cellsanswer
Wherever you went and it was still the right thing to do.
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Wherever you went and it was still the right thing to do.
Looks like it's about to go long.
To follow up ... that drawing is a little off...
That one is correct, this one is not: point 3 should be higher than point 1 for a bearish yulf model.