EURUSD - Trends, Forecasts and Implications (Part 2) - page 405
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It is better to specify the price, because it is not clear from which points 1.618
From 1.2761
In general I think this trend is far and away down
On the 3-3-5 spot, it looks like it's going down
On the heel 3-3-5, it looks like down
In this case, the price reached the border of the channel n4, so it will make a downward movement to the level of 1.2695 with a further reversal upwards...
From 1.2761
It's hitting 1.2761 for the third time.
If it doesn't, will it go down to 1.2590?
That's my big expert statement :))))))))))))) Sorry...
The chart shows four channels - one month, one week and one day. It also shows Murray levels, so the price in this case should reach the descending weekly channel and afterwards, pushing off from 1.2989 level (the internal % border of the channel is located there), turn around and go down forming the descending weekly channel.
It's hitting 1.2761 for the third time.
If it doesn't, will it go down to 1.2590?
That's my big expert statement :))))))))))))) Sorry...
Yes it will break the channel and go up ^.
Not enough to break out - there are no conditions for that - there is no momentum at the moment...and even if it breaks out upwards, the reversal will be equal in strength...
It's better to look at Murray. You can see everything from the levels.
To be honest, I don't know anything at all about Murray levels. I first read about them only in this thread
To be honest, I don't know anything at all about Murray levels. I only read about them for the first time in this thread
Read thishttp://ruforum.mt5.com/showthread.php?t=949&page=3
In a nutshell, price is fluctuating around the 4/8 level, very strong levels:
- support 0/8;
- resistance 8/8.
Put a couple of indicators like these on your terminal:
https://www.mql5.com/ru/code/9285
https://www.mql5.com/ru/code/8570
And a couple of auxiliary indicators:
https://www.mql5.com/en/code
https://www.mql5.com/ru/code/9389
And analyse, I recommend a month on demo. If you understand how, where, what's going, then put a deposit of about 3000 roubles.