EURUSD - Trends, Forecasts and Implications (Part 2) - page 1317
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Actually my view of my own previous post (https://c.mql5.com/mql4/forum/2011/01/12.jpg ) is pure TA.
In fact the dip, in terms of waves and their abstraction may not happen the way I drew it, just look at the H4 of the previous dip in November, there the H4 MACD was rounding too, but then it went down and down. So use the auxiliary stuff, I'll be guided by the indices and by the waves of course too.
See for yourself, although it would be more convenient to see the correction at fib levels, but will they give us such a beauty? ;)
where are we going?!
And the movement is slowly gaining momentum....
About 80 pips in one day is an express)))) One of my observations: if price is above or below a round level in the first week of the month, it is likely to go up or down this month to the next one, this month it is 1.25, last month it was 1.35, 3 pips short.
Aud/frank triangle has been running like a sewing machine for almost a month!
The whole point is that they didn't go anywhere today, and they ask when the turnaround is.
About 80 pts in a day is straightforwardly express)))
Had some back and forth... pips today
If we pass 1.2980 during this move upwards, we might go down to 1.3062. If not, then a further decline downwards.