Review for the 23-d of January
Axel
Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF
Spot 0725 GMT 1.2948 121.59 1.9781 1.2493
3 Day Trend Bearish Bullish Bullish Bullish
Weekly Trend Capped Bullish Bullish Bullish
200 day ma 1.2797 116.38 1.8874 1.2359
3rd Resistance 1.3016 122.02 1.9847 1.2580
2nd Resistance 1.3000 121.88 1.9822 1.2550
1st Resistance 1.2979 121.80 1.9803 1.2530
Pivot* 1.2944 121.64 1.9777 1.2499
1st Support 1.2914 121.49 1.9722 1.2471
2nd Support 1.2897 121.10 1.9696 1.2432
3rd Support 1.2865 120.88 1.9669 1.2418
Europe
GBP is going up
* puncture of res
* fulfillment of FIBO targets on different TFs
puncture of FLAT upwards - then movement from res to res (if there is no ZIFRAS on m5)
162% from the last recoil on h1 1.9820
EUR - will be trip to the next res or not
Then it was a recoil (zz m5) 1.9812-34 , a puncture upwards - new FIBO targets (200% = 1.9859)
3-d res - 1.9847
4-th res 1.9885 (262% from the recoil on h1) $1.9870/80 offers of average volume
1.FLAT before Europe
2. A grid on the recoil on H1
3. 161.8 target from this grin on H1
4. A grid on the m5 recoil(ZZ)
5. The max of the session is crossing of the grid on H1-200% and M5- 162%
America
1. variant
On the European session was reached some peak (for instance 162%) - then a recoil and flat.
This levels on m5-15, which were formed as a resalt of the recoil, are forming ISF
2. variant - as it happened today - prolongation of the trend.
Coincidence of 2 trends
1.recoil grid on H1.
2.recoil grid on m5(ZZ)
3.recoil grid on m5(ZZ)
5.Coincidence of targets + reserve of currency movement + allies gave us the area to close transactions (1.9906-1.9894)
There is another poin of exit. Some pupils used it to close their transactions.
1. exit point