I have compared behaviour on a previous occasion where a turning point was observed on October 4th 2011, and given the time limitations from the above post, I am putting my explanation to possibly help in stategizing order placement for any short positions.
Here is the view...
I wouldnt have time today to post for GBP/USD, but if I do I will so later in the day
Also sorry for repeating the word "This Trendline" in the diagram, will find an alternate way to explain in future, but because of the level of detail, I had to repeat it many times
Here is the view...
I wouldnt have time today to post for GBP/USD, but if I do I will so later in the day
Also sorry for repeating the word "This Trendline" in the diagram, will find an alternate way to explain in future, but because of the level of detail, I had to repeat it many times