This is just a theory at the moment!
Using 30 day calendar cycles on EUR/USD you can clearly see that on pretty much the 17th of every month there is a huge change of trend.
Market opens on 19th July again and I will be watching to see if this experiment plays out.
Also note that every other 30 day cycle there appears to be a retrace every 9 days.
Could be complete coincidence or Gann was onto something.
***Update*** 27/7 - ***SHORT***
Target of 1.112 hit on 27/7
Now SHORT until 17/8
Lets see how this one plays out.
Using 30 day calendar cycles on EUR/USD you can clearly see that on pretty much the 17th of every month there is a huge change of trend.
Market opens on 19th July again and I will be watching to see if this experiment plays out.
Also note that every other 30 day cycle there appears to be a retrace every 9 days.
Could be complete coincidence or Gann was onto something.
***Update*** 27/7 - ***SHORT***
Target of 1.112 hit on 27/7
Now SHORT until 17/8
Lets see how this one plays out.
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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.
Related publications
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.