OK, lets look at USD/JPY... I have only looked for a moment so maybe I am wrong too... but, looking at monthly charts, I see a big triangle ( again !! ) and it looks to me like BUOB you are talking about is bouncing right off the bootom of that triangle... so more likely to me, I say we are going back up...
Gosh... and I know seeking wanted price to come down more.... now that I have looked at these charts this way... I don't know that we will get lower prcies here... we would have to break that lower trend line, which might not be so easy...
And as always I must point out... what the heck do I know...??? !!!
Gosh... and I know seeking wanted price to come down more.... now that I have looked at these charts this way... I don't know that we will get lower prcies here... we would have to break that lower trend line, which might not be so easy...
And as always I must point out... what the heck do I know...??? !!!
Dislikedi am not certain and correct me if i am wrong, but i think buovbs are only reliable if they go with the trend, and in usdjpy it is definately a downtrend.Ignored