Wednesday, October 13, 2010

re-cap and new levels

ok....CHARTS!!!!

EUR/CAD:

EUR/GB:

US/CAD:


GB/CHF:


NZ/JPY:..OK...COMPLETE MISS

should have studied the 4H chart instead as it bounced off top line...

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NEW LEVELS: (DIRECTIONAL TURN)
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EUR/CAD: 1.4068 / 1.3952 ( 35+ pip moves)

EUR/GB: .8810 / .8741 (35+)

GB/CHF: 1.5312 / 1.5160 (65+)..pattern seems to be one level within 15 or less

CHF/JPY: 85.78 / 85.02 (50+)

*Once again, look for turn at either level.., best case scenario we bounce between levels getting repeat moves...2 at most/last bounce cut by half.

Always look to indicators for confirmation...levels are based on math probabilities...never a guarantee






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