Friday, 4 July 2014

FOREX MATHEMATICS









Have you seen what is happening with EURusd is doing?  It broke the trend line to the south and in 4Hr T.F above,  price is already pulling back to the trend line. So i think we have to wait for 4Hr T.F to hit the trend line before price will continue South on the Daily T.F. On the Daily T.F you cannot see the pull back, you can only see the price retracing and that is why i brought brought the 4Hr T.F to see a clearer picture of what is happening. So even when it starts pulling back we have to wait for the price to break the blue line which is 1.35853 price level.

If it breaks this price level your take profit should be 1.35315. or  38.2 fib level.

You are destined for the next level.
See You There


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