EURUSD - Trends, Forecasts and Implications (Part 2) - page 587
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For example, a very good entry in the long term on the sell at the moment we are on the border of a 4-month channel plus a divergence was formed on SSI for a downwards move and SSI itself turned downwards in addition the bowlinger will soon break through the channel, which is a sign of a change in direction of the lower channel, ie a daily... The euro will have a swing of 1400p downwards but the first correction will be scheduled in early summer in time I got it 2011.06.01.
Entry is good but the probability is low.
The entry is good but the probability is low.
The price break-up of the 4-month channel is weak because the downward trend is strong, while the daily channel has already turned downward - when the weekly channel starts to change its direction, the trend will eventually change its direction on the monthly chart.
In addition, if you look at the weekly chart, the lower fractal below the previous minimum is a characteristic sign of a downtrend and the upper fractal is forming now, which confirms the downside trend.
It is not the channels nor any other obstacle which directs where the price can go next, on the contrary.........
Yes, we can go all the way down to 1.36 but we might go back to 1.41 and even higher 1.44-1.46, the liquidity will show.Neither channels nor any other obstacle directs where the price can move next, on the contrary.........
It is true, we may fall to 1.36, but we may go back to 1.41 and even higher to 1.44-1.46, liquidity will show.The entry is good but the probability is low.
For you forex is more of a roulette that shapes the direction of the trend - for me it's a purposeful movement from one point to another...
You can't argue with technical analysis, but you can argue with foundations =)
Fundamentals are formed from the basis of the analysis and confirm that one can predict the pivot point in the technical analysis
It is not the channels or any other obstacle which directs where the price can move further, on the other hand.........
We could go as low as 1.36, but we may also go back to 1.41 and even higher than 1.44-1.46, liquidity will show.After the weekly timeframe turns around, liquidity won't be able to show anything - at least for 2 weeks.
Channels are a reflection of where price is looking.
Once the weekly TF has unfolded, liquidity will not be able to show anything - which is at least two weeks
If we look at the weekly chart, there is a peculiarity that the lower fractal was formed below the previous minimum - this is a sign of a downtrend and the upper fractal is forming now, which confirms the downside trend... for its formation
Eugene, on the wiki chart it is difficult to judge the movements within a candle, the candle can be from 1.35 to 1.45. To orient on the bollinger, you can also roughly, look at the 16 May-11 July interval on your screenshot, the price pierced the channel and went where it should, why should it bounce now? Fibo 61.8 too, another question, a fan is one thing, lines another, expansion another. Сsi may also be seen on the screenshot, turns down, turns up, that is its job, may be the dealers deserve a closer look.
By the way the downwards direction has more force due to the earth's gravity?
Probably, it will be better in the morning.
Folks, has anyone come across an indicator that shows the slope of the MA in degrees?