EUR/USD Daily Low Confluence: Clear Measured Move and Diagonal Range

Posted March 1, 2013

In Trading Strategy Examples: Quick Charts

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EUR/USD makes a daily low with trendline and 100% measured move (from the first leg) confluence. This point also coincided with a 23% retracement of the last wave (not shown).

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Forex, Measured Move, Price Action

Steve W.

Since 2008, ParaCurve (formerly NBT) has been a provider of a wide range of articles geared towards a common sense approach to trading using fundamental market analysis in conjunction with globally identifiable technical levels. Steve is a 17 year trader, having formerly worked as a sell and buy side global macro analyst for several of the largest financial institutions in the world. You can follow us on Twitter or Facebook. Series and support at FXS Analytics.