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Re: MURREY MATH lines

#139
USDCHF M5 - 27.03

USDCHF it is in a strong downtrend and as we can see the price got straight bellow 4/8 to 3/8 with a slight bounce that actually it does not gets way back to 4/8;
price keep on to move downwards piercing the level of 3/8 several times; This fact gives us the right to suppose that from here on the prime may tend to keep on dropping to 2/8 and maybe even further to 1/8 and 0/8 from where a more serious bounce may be expected or even reverse.
usdchf.png

Re: MURREY MATH lines

#140
sizabici wrote:
Fri Mar 27, 2020 1:51 pm
USDCHF M5 - 27.03

USDCHF it is in a strong downtrend and as we can see the price got straight bellow 4/8 to 3/8 with a slight bounce that actually it does not gets way back to 4/8;
price keep on to move downwards piercing the level of 3/8 several times; This fact gives us the right to suppose that from here on the prime may tend to keep on dropping to 2/8 and maybe even further to 1/8 and 0/8 from where a more serious bounce may be expected or even reverse.
Furthermore, MM lines changed position and the level of 2/8 became 0/8 indicating a shift and possible change in the market conditions.
So SL moved to BE and trade will be closed either in profit if the price gets at the level of 0/8 or it will be just a break-even trade. From here on price may tend to get back to 4/8 for a retest; level from where generally than the pressure of buyer and sellers will decide the push of price further down or up. If indecision, it will consolidate for a while between 5/8 and 3/8
usdchf a.png


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