By Steve W.
EUR/USD Daily Low Confluence: Clear Measured Move and Diagonal Range2013-03-012013-09-30https://1gwmg92knzm144jnudkuixvv-wpengine.netdna-ssl.com/wp-content/uploads/2017/03/ParaT50Blk.pngParaCurvehttps://1gwmg92knzm144jnudkuixvv-wpengine.netdna-ssl.com/wp-content/uploads/2013/03/EURUSD-Daily-Low-Diagonal-Trend-Line-Forex-Chart.png200px200px
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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Since 2008, ParaCurve (formerly No Brainer Trades) 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, ParaCurve's founder, is a 13 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.