As I highlighted in my previous analyses (e.g. bit.ly/1dKbNYm) the Euro is being at an important level, which is a 61.8 Fibo retracement of prior major downswing. The Eur confirmed the level by testing it once and now retested it with a false break, which can be a sign of weakness and a short signal also.
In terms of my unconventional trading patterns, this market behaviour can be described by a pattern called T4B, which in context with Fibo levels makes a powerful tool to future market direction assesment.
Please, be aware, that this is actually no investing or trading advice. This serves for educational purposes only.
For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly/17jWiog
or
watch my latest live trading video in Eur and Gbp: bit.ly/1c0G8F5
Cheers!
Petr
In terms of my unconventional trading patterns, this market behaviour can be described by a pattern called T4B, which in context with Fibo levels makes a powerful tool to future market direction assesment.
Please, be aware, that this is actually no investing or trading advice. This serves for educational purposes only.
For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly/17jWiog
or
watch my latest live trading video in Eur and Gbp: bit.ly/1c0G8F5
Cheers!
Petr