Hello,
I would like to explain my knowledge about E/U correction that work 90% every day, and can be noticed on other --/USD/-- charts but not as perfect as on EU.
so, everyday on 16 pm GMT / 4 pm GMT watch on 5m the candle close and draw horizontal line and watch the price go far of the line by average of 45 daily to maximum of 70 to 80 pips some days then it have to go back to the line exact price and some times can be away of the line within 3 to 10 pips that most to happen when there a big move from the line like < 45 pips.
I share this to know the behavior of EU at this time zone better than to be completely blind of whats going.
Regards,
Alaa Maanawi
I would like to explain my knowledge about E/U correction that work 90% every day, and can be noticed on other --/USD/-- charts but not as perfect as on EU.
so, everyday on 16 pm GMT / 4 pm GMT watch on 5m the candle close and draw horizontal line and watch the price go far of the line by average of 45 daily to maximum of 70 to 80 pips some days then it have to go back to the line exact price and some times can be away of the line within 3 to 10 pips that most to happen when there a big move from the line like < 45 pips.
I share this to know the behavior of EU at this time zone better than to be completely blind of whats going.
Regards,
Alaa Maanawi