EURUSD retrace towards 1.14-1.16 value area

The artificial holiday season trend has ended. Important confluence of time and price in Gann theory. The most important dates of the year are Jan 3rd-7th where the highest probability highs and lows of the year are made on or around those dates. Firm rejection of any higher movement, unable to break another Gann angle, unable to breach it's next resistance arc. In fact, the resistance arc violently denied EURUSD anymore upwards momentum. High probability of a long term trend change at these levels. Price could still test and go up towards the 1.2120 zone, but the highest probabilities are for heavy downwards momentum.

Kommentera:

EURUSD Broke this 45-degree angle, very bearish.

Kommentera:

Good entry to add to shorts.

Kommentera:

Major false move in the time pivot, muted volume, and participation at these extreme levels, anticipate extreme sell-off after the weekend, accompanied with bearish EU sentiment and news.

Kommentera:

Added a ton to shorts over the MLK weekend/holiday. This isn't a bull trap. It's a pig trap. Pigs have been participating at these levels as buyers. New Moon cycle and the end of a long term 3rd impulse wave and end of a 5th impulse wave, corrective move to at least the 1.14-1.17 area over the next number of months.