EURUSD short idea update form original 9/13/17.
1. The top horizontal black line represents an extremely important major harmonic level, it is extremely difficult to pierce these levels without a major catalyst. Notice it has bene tested twice and thoroughly rejected two times. We are also on top of a very important Gann level (.5).
2. We have a number of trapped longs up here. A break of 1.16 to 1.155 is going to be a major whipsaw. However, expect a bounce from the bottom black horizontal line, price should bounce off of this on the first approach and touch. That interior harmonic level is going to naturally represent a place to watch for a rebound to enter more shorts. Volume below is also wide open, almost no resistance on this time frame.
11/4 – Moon
11/8 New Time Cycle
11/8 Important Natural Gann Date (145 degrees).
11/8 is also the ending of a 60 day cycle from a recent low (could mean bearish movement).
1. The top horizontal black line represents an extremely important major harmonic level, it is extremely difficult to pierce these levels without a major catalyst. Notice it has bene tested twice and thoroughly rejected two times. We are also on top of a very important Gann level (.5).
2. We have a number of trapped longs up here. A break of 1.16 to 1.155 is going to be a major whipsaw. However, expect a bounce from the bottom black horizontal line, price should bounce off of this on the first approach and touch. That interior harmonic level is going to naturally represent a place to watch for a rebound to enter more shorts. Volume below is also wide open, almost no resistance on this time frame.
11/4 – Moon
11/8 New Time Cycle
11/8 Important Natural Gann Date (145 degrees).
11/8 is also the ending of a 60 day cycle from a recent low (could mean bearish movement).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.