The market has about 6 minutes to change it's mind.If it doesn't, this
is going to look like a tweezer top on the 1 hour.Now, that would be
something I'd consider bearish (I originally typed bullish).If you read
my last post... you know I'd like that to happen!Now about 4 minutes
left.Zzzz. No market reaction on the hour.Maybe the tails weren't long
enough -- or I'm too impatient?... continuing .
Showing posts with label analysis. Show all posts
Showing posts with label analysis. Show all posts
Friday, April 24, 2009
AUDJPY: Tweezer Top?
Thursday, April 23, 2009
AUDJPY: Decision Point
I'm looking at the 3HR chart at the moment. We seem to be looking at an
impending strike on a recent support line.If this resistance holds we
might have a technical setup that would allow for a nice gain.Take a
look:See how there was something of a W shape starting in the middle of
the 19th? See how the chart is currently on the second touch down of a
second W? If we bounce off the support line
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