Pair seems to be basing and PA is a bit calm at the moment, so not expecting much at the moment in terms of pip gains. However recent PA offers us a good lesson in how to use the indicator. First, we zone off the nearest range with vertical levels right before price looks to enter back into it. The level drawn manually @ 116.33 is not all that bad but ultimately the generated GLs are the ones that stoped price in its tracks and caused the reversal. The lesson here: Esp. when facing upcoming, potentially volatile news releases, a more conservatively priced cluster of GLs should take precedent.
http://www.streamhedge.com/viewchart/dOCp0wd/2016-8-11_EURJPY_M30
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>> Learn More About Golden Levels
http://www.streamhedge.com/viewchart/dOCp0wd/2016-8-11_EURJPY_M30
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>> Learn More About Golden Levels