Reversal | 02 October 2015

02 October 2015, EUR/USD

EURUSD H1. Yesterday 1.1030 level was not reached, so the reversal may occur from this level, without reaching the angle 1: 1. The screenshot indicates pivot by an ellipse area in both time and price. Time of a pivot point is 19:00 ± 3 hours, on the H4 pivot is on 16-hour candle. On H1, the pivot time is 21:00, margin of error is 4 hours (one candle). Therefore, we are waiting for a turn from 16:00 to 21:00 in 1.1030 - 1.0909. The alternative comes with the breakdown of the level 1.1203. In this case, the picture changes completely and price will indicated High and turns to the south in the medium- term. Time of pivots at this remains the same, only in reverse.

Intraday reversals with H1 timeframe according to trading platform time of FreshForex: 13:00, 21:00.

Reversals of current week under H4 timeframe (numerology): 28 September at 04:00, 29 September at 08:00, 30 September at 20:00,2 October at 16:00.

Reversals in current month: September 30, 2 October, 26 October.

All reversals listed in the review are assumed pivot points the dates may vary.

Turn Conclusion: We are looking for the entrance to the medium-term purchases from 13:00 to 21:00.

Бухонова Елена
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