
A potential 350+ pips reversal from the projected 11:00 gmt!
Best Wishes and Happy Trading
“The time factor and time periods are most important in determining a change in trend because time can over balance price, and when the time is up the volume of sales will increase and force prices higher or lower” - W.D. Gann
As expected there was much activity just before the projected 7:00 gmt. Yet there was still an opportunity for a potential 70+ pips gain when price reversed at about 7:20 gmt.
EURUSD penetrated sharply the lower parallel support area this morning and the question now is "Will this level hold?".