In this brief post I share today s daily review for the EUR/USD forex pair. Below the video analysis, you can find the commentaries for the above mentioned markets:
The Euro is still showing a fierce battle between bulls and bear on several timeframes.
- on the daily, bears are located in the area starting at 1.3700 and bulls located in the area starting from 1.3620
- on the 240min, bears are guarding the area starting at 1.3670 and bulls are located in the 1.3620 area
- on the 15min, bears are guarding the area starting at 1.3670 and bulls are in area starting at 1.3640
All this information can be inferred by studying the effects of Program Trading on the different timeframes.
Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.
My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.
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Have a great evening.
Giuseppe, the FibStalker