EURUSD - Trends, Forecasts and Implications (Part 2) - page 1793
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Wave Theory is just a description of crowd psychology, nothing more.
The upswing has already happened, they won't buy at the top anymore, they'll try to put it down a bit.
Again, IMHO :))
If they raise it, it's a good way to go north, I think.
Yeah. And that's what everyone thinks. They will push the euro up and then after the ECB meeting where they are likely to tell the weak Eurozone countries that a rate hike is doom for them... Also don't forget that on March 11th the Irish elections will be held. And the euro will go down, flying like plywood over Paris.
The Euro continues to pull north, but for now, the further rally is being held back by offers placed around the Asian overnight highs of $1.3685. The next zone of offerers is at $1.3695/00 ($1.3696 61.8% $1.3862/1.3428) and their break would open the way to $1.3710 (yesterday's European high). According to traders, the breakout of $1.3660 EUR/USD is due to purchases by a large Swiss investor.
Also think(https://c.mql5.com/mql4/forum/2011/02/39.jpg) It's a divorce with growth. But in the short term it's up.
Wave Theory is just a description of crowd psychology, nothing more.
The upswing has already happened, they will not buy at the top anymore, they will try to put it down a bit.
again, iMho :))
If wave theory described the psychology of the crowd, there would be dozens of times more billionaires.
It does not give an unambiguous answer, but only presumable variants of movement.
Wave Theory is just a description of crowd psychology, nothing more.
The upswing has already happened, they won't buy at the top anymore, they'll try to put it down a bit.
Again, IMHO :))
Why do it like everyone else? If there is a buy signal, then buy; if there is a sell signal, then sell. And tops and bottoms are relative concepts and it is better not to dwell on them.
if wave theory described the psychology of crowds, there would be dozens of times more billionaires.
it does not give an unambiguous answer, but only presumed variants of movement.
Zat was right when he said that it takes more than one year to study the wave theory. And now let's answer the question: how many of us are ready to spend 3, 5, 10 years for something that will give results only then, and not right now as many people want? It is much easier to believe in the holy grail and look for a miracle indicator or a system that will make you rich and independent tomorrow)))
Euro hampered by the offerers
The Euro continues to pull north, but for now, the further rally is being held back by offers placed around the Asian overnight highs of $1.3685. The next zone of offerers is at $1.3695/00 ($1.3696 61.8% $1.3862/1.3428) and their break would open the way to $1.3710 (yesterday's European high). According to traders, the breakout of $1.3660 EUR/USD is due to purchases by a large Swiss investor.