I must admit that it does have a high accuracy rate if your patient enough...Ive caught some nice 400 pip moves with this method, obviously the higher the timeframe the more the price projection and lenght of time for return as mentioned earlier. I find this method is great with any currency on a 1hr or 4hr tf
Right now im looking at a double top with a upward tl and a regular bearish divergence for the gbp/jpy...if price breaks below the tl im projecting a 297 pip downtrend
Anybody see this?
Right now im looking at a double top with a upward tl and a regular bearish divergence for the gbp/jpy...if price breaks below the tl im projecting a 297 pip downtrend
Anybody see this?