Greetings to all members of this forum.
In this topic I wil be posting GBP/USD and EUR/USD currency pairs reviews based on Masterforex-V New Technical Analysis.
If you have any questions regarding some Masterforex-V elements and instruments, or regarding provided reviews - feel free to ask here in this topic. I will try my best to explain.
Also - if any of you are familiar with a term: "synthesis of binary regularities". And you are familiar with Masterforex-V market analysis aproach - You are more than welcome to epxpress your opinion on live market situation.
Week 19 GBP-USD Mid-Term analysis:
As you can see from picture above - MF protective pivot and MF Channel are not broken. But AO - is starting to show, that wave level of current correction is higher than h4, which means that a new cycle is starting. After confirmation of MF pivot and MF channel we will have following options:
- NEW FZR up = trend up prolongation
- start of an h4 (minimum) flat
EUR-USD Mid-Term analysis:
AS you can see from the picture quite important MF pivot is broken now. Which means that the whole trend up stopped (AT LEAST).
1. Now for Eur-Usd trend to proceed we need a new FZR series up (which later will be called as Elders Baskerville hound pattern (usually its sub-waves are a-b-c-X-a-b-c)
2. To turn-arround, we need a FZR down d1 (at least). Moment of true will show everything.
For now – flat at least of h4-h8 level.
Best regards,
NicoleFX
represenative of Masterforex-V Academy
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