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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