Howerver theres still room for the weekly range to expand, price is still drifting around 50% of the present week range. Lets wait and see if we have entries for tommorow or Friday.
Statistic and Probabilistic Trading
Wednesday, May 18, 2011
$GBPJPY - How geometry plays into effect in Technical Analysis
This pair has an interesting picture: a diamond as observed in H1/H4 . Most probably a reversal one. Also an unpaid MACD bullish divergence pointing towards 134.25.
Howerver theres still room for the weekly range to expand, price is still drifting around 50% of the present week range. Lets wait and see if we have entries for tommorow or Friday.
Howerver theres still room for the weekly range to expand, price is still drifting around 50% of the present week range. Lets wait and see if we have entries for tommorow or Friday.
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