W/e review
Friday's 74pip range was 112% of the 66 pip 20 day atr, with the weekly range of 100 being 54% of the 184pip 20 week atr. November closed with a 344 pip range which is 60% of the 20 month atr
The monthly chart remains in a range/wedge pattern and awaits a b/o either way..November's monthly candle closed with a bearish body and no fractal swing created by it on this t/f
The weekly chart remains fairly rangy with a recent fractal L as of last week's low and this week's candle closing with a very slightly bearish body but more doji-esq as a candle than anything and no fractal swings created by it's close - on this t/f.
A HH after a HL on the daily t/f now although the HH not a fractal swing yet. Friday's daily candle body bearishly engulfed Thursday's. This t/f is now more rangy=bullish re bearish in respect of overall price action-previous price swing hi/lo analysis.
Doubtless a lot of traders being unproductive or worse with these diminishing pip ranges on this pairing. It's a case of being on the lower t/f's or the much higher t/f's and avoiding those middle ones at the moment I guess. Good Luck for forthcoming week.
Friday's 74pip range was 112% of the 66 pip 20 day atr, with the weekly range of 100 being 54% of the 184pip 20 week atr. November closed with a 344 pip range which is 60% of the 20 month atr
The monthly chart remains in a range/wedge pattern and awaits a b/o either way..November's monthly candle closed with a bearish body and no fractal swing created by it on this t/f
The weekly chart remains fairly rangy with a recent fractal L as of last week's low and this week's candle closing with a very slightly bearish body but more doji-esq as a candle than anything and no fractal swings created by it's close - on this t/f.
A HH after a HL on the daily t/f now although the HH not a fractal swing yet. Friday's daily candle body bearishly engulfed Thursday's. This t/f is now more rangy=bullish re bearish in respect of overall price action-previous price swing hi/lo analysis.
Doubtless a lot of traders being unproductive or worse with these diminishing pip ranges on this pairing. It's a case of being on the lower t/f's or the much higher t/f's and avoiding those middle ones at the moment I guess. Good Luck for forthcoming week.
ex member