out of USDCAD closing manually with +3, I don't like the PA now.
EA based on Velocity/Acceleration 1 reply
High velocity 38 replies
Why does the GBP/USD have so much more Velocity than the other majors? 6 replies
Renko Bars - Alert for PA Velocity 7 replies
Dislikedthread closed, due to company agenda. hope to be back autumn 2011.
http://www.forexfactory.com/showthre...59#post4647259Ignored
DislikedAlso lets consider this GBP CHF H4 chart. PA met strong resistance @ MP. Long wicked candles indicate MP rejection. TL also broke to the downside.
I'd look to initiate shorts, however SL needs to be monitored closely and there are zones of resistance just 20-40 pips below current price.
Overall a trade with a very good potential. Upside is capped for now.
And you kinda can't go wrong with this trade. As markets detiorate further, more money will surely flood into CHF making it a stronger currency.
http://img806.imageshack.us/img806/5...h421082011.png...Ignored