Greeting traders and investors from around the world.
Just to bring you an important key reversal I learnt from Jeffery Kennedy's of Elliott Wave International which I spotted on the EURUSD daily price chart.
First, 'A double close key reversal forms when prices make a new extreme, yet close above or below the prior two closes'.
The price bar on Friday made a new low, yet closes above the close of the previous price bar formed on Wednesday and Thursday.
Going forward, this implies that a low is in place and the next significant move should be to the upside.
KEY LEVELS: 1.0350, 1.0615 AND 1.0787
Trade safe and don't forget to leave a like and comment...
Let me know of your thoughts in the comment section below.
Trade safe and do have a great week ahead.
Just to bring you an important key reversal I learnt from Jeffery Kennedy's of Elliott Wave International which I spotted on the EURUSD daily price chart.
First, 'A double close key reversal forms when prices make a new extreme, yet close above or below the prior two closes'.
The price bar on Friday made a new low, yet closes above the close of the previous price bar formed on Wednesday and Thursday.
Going forward, this implies that a low is in place and the next significant move should be to the upside.
KEY LEVELS: 1.0350, 1.0615 AND 1.0787
Trade safe and don't forget to leave a like and comment...
Let me know of your thoughts in the comment section below.
Trade safe and do have a great week ahead.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。