The same story in different words. Price is likely to retest weekly CPR which just some 13 pips higher or even weekly pivot (some 20 pips higher). But we opened with a gap down on Sunday, so we might as well miss it.
The major points here are TD breakdown and TD projection which rarely fail. I ve been posting this earlier though. Nothing changed.
Weekly Central Pivot Range and May Opening Range act as major resistance zones now, along with descending TD down-trendline. May CPR was stabbed through last week giving us bias short.
For educational purposes only.
Top correlation 4 hrs
1 EURUSD - EURJPY 97.5%
2 EURUSD - EXY 95.9%
3 EURUSD - CHFJPY 95.4%
4 EURUSD - USDCHF -94.0%
5 EURUSD - USDPLN -93.0%
6 EURUSD - EURSGD 91.2%
7 EURUSD - GBPJPY 81.3%
8 EURUSD - EURNOK 80.9%
9 EURUSD - GBPSGD 80.5%
10 EURUSD - JPYX -80.1%
The major points here are TD breakdown and TD projection which rarely fail. I ve been posting this earlier though. Nothing changed.
Weekly Central Pivot Range and May Opening Range act as major resistance zones now, along with descending TD down-trendline. May CPR was stabbed through last week giving us bias short.
For educational purposes only.
Top correlation 4 hrs
1 EURUSD - EURJPY 97.5%
2 EURUSD - EXY 95.9%
3 EURUSD - CHFJPY 95.4%
4 EURUSD - USDCHF -94.0%
5 EURUSD - USDPLN -93.0%
6 EURUSD - EURSGD 91.2%
7 EURUSD - GBPJPY 81.3%
8 EURUSD - EURNOK 80.9%
9 EURUSD - GBPSGD 80.5%
10 EURUSD - JPYX -80.1%
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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.
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.