1 september EURUSD Fibonacci + Heatmap analysis (updated 15:00)
EURUSD is on a downtrend
High@27-08-2015 06:00:00
Low@28-08-2015 15:00:00
31-08-2015 21:00:00 open price was at 80% probability to go up line
The pair went up retraced to Fibonacci 0.764 level which corresponds to 97% probability to move down
The pair moved to Fibonnaci 0.382 which corresponds to neutral 50%/50% probability between up and down movements
Current status: moving sideways between 50% probability line and 80% down probability line
Comments are greatly appreciated, please share your ideas with me in the comments section :)
High@27-08-2015 06:00:00
Low@28-08-2015 15:00:00
31-08-2015 21:00:00 open price was at 80% probability to go up line
The pair went up retraced to Fibonacci 0.764 level which corresponds to 97% probability to move down
The pair moved to Fibonnaci 0.382 which corresponds to neutral 50%/50% probability between up and down movements
Current status: moving sideways between 50% probability line and 80% down probability line
Comments are greatly appreciated, please share your ideas with me in the comments section :)
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