Looking at my last post EUR showed a really soft reaction on the contact with 1.3186 which coincided with the top of the channel too. It eased off a bit but seems comfortable at this level and the timing is a bit off for a top… As well markets like to trap and liquidate shorts before going down. Going back to the squares one could see that 10 of the major tops and bottoms have been made strictly at the 0, 45, 180 and 225 degree(highlighted) on the price square and the observed tops tend to have very good timing(blue in time square) …so, the odds to have a high with an off timing at a level laying on a different angle are very low and can only qualify for a market shocker. So I will eventually close my 3180 short and wait for the next level. If the above observations and theory are right, then top should be made on 28th. However, 28th happens to be Saturday and also part of this long weekend and this makes things even more complicated… The rule is to use the day before or after the weekend (from observations 2+ out of 3 it is the day after).
So, when we discard the possibility yesterday to be the top top, we are looking at a high probability a top with possible levels 1.3246 or 1.3306 to be made on Friday or Monday … which will be in perfect agreement with both time and price squares.
Some short strategies to consider: attempting or accumulating EUR shorts between 3235 and 3306 with decent stops.
GBP - short around 8890-8900+
JPY - long 102.00-40
No separate Gann square studies have been done for GBP and JPY and levels are only in relation to EURUSD.
Please exercise caution if you follow the above strategies... Gann is dead and there’s no one to blame if you lose money using his methods…
