Took a long a on this Pair at the start of today. 5:00 Pm (EST).
Trade based on another study I have been collecting data on for about 8 months now. Not enough yet to state if it deserves merit or not.
If the GBP/USD has an up (or down) candle in the last hour of the trading day, will it slowly meander upwards or downwards for the next 3 hours based on what it did from 4--5 PM?
Initial analysis showed a strong correlation.
Recently, not as strong.
Hopefully today will be a strong correlation day. Like the Hourly as well.