DislikedI'm not perdicting anything, but this PB/ IB combo on the Daily Aud/Usd seems to be momentum building setup.
A good confirmation of high quality PA setup is that it will break on the next bar due to momentum. So this PB did not have a next bar break but instead formed an IB. This may be the momentum building stage of this setup. So the next bar break of this PB/IB setup will be the key for me, unless we get another IB.
Eur/Cad Weekly Dec. 2007 and current Daily Aud/Usd.Ignored
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Indicators show the past. Price Action "Indicates" the future.
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Economists have forecast 9 out of the last 5 recessions
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Economists have forecast 9 out of the last 5 recessions
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Economists have forecast 9 out of the last 5 recessions
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fxScavenger
Arrogance is just Ignorance misspelled.
abso-PIPn-lutely
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fxScavenger
Arrogance is just Ignorance misspelled.
abso-PIPn-lutely
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Indicators show the past. Price Action "Indicates" the future.
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
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