I dont see the reason for uptrend again, because;
1. Linear Regresion from 26 Jan 2010 untill today (4H), has a high level, so i thing uptrend is finished.
2. Linear regression from 22 March until this time (4H), has a high level to, so i thing uptrend is finished.
3. Stochastic has over 80, so it time to downtrend.
4. Daily range has touched.. (144 point), and rate from 50 days ago is 154 point.
So i thing this time is down trend.
I dont know the down target, but now I sell GBP/JPY..
Good luck all.
1. Linear Regresion from 26 Jan 2010 untill today (4H), has a high level, so i thing uptrend is finished.
2. Linear regression from 22 March until this time (4H), has a high level to, so i thing uptrend is finished.
3. Stochastic has over 80, so it time to downtrend.
4. Daily range has touched.. (144 point), and rate from 50 days ago is 154 point.
So i thing this time is down trend.
I dont know the down target, but now I sell GBP/JPY..
Good luck all.