Hello

let start from EURUSD from weekly chart and to draw 23.6 febo of wave 1 &2 and down wave also
and i select weekly bar 4-9-2011 and draw 50 & 61 febo of this week please see chart one

in daily chart we find supply and demand zone with round number 14000 and 61.8 febo from last drop with 50 febo from all drop intonational PZ 14062 from 7 point price retested
the zone between 1.398 to 1.4092 will be strong turning point to EURUSD

http://forexharmonictrader.blogspot....-greenius.html

المشاركة الأصلية كتبت بواسطة greenius (المشاركة 221038) At daily chart we have R at 23.6 Febo level 1.0361 and S with 50 febo and another one at 61.8 febo ok let go to 4h chart we find that we have sideways trend let find 161.8 for wave 1 & 2 we conclude that if price breakout underside of rectangle target will be 23.6 daily febo with 161.8 febo http://www.forexfactory.com/attachme...4&d=1319182211 http://www.forexfactory.com/attachme...5&d=1319182211 and if downside target will be 61.8 +161.8 of wave 2