DislikedWeekly range 286 pips so far (1.2854 - 1.3140). 320 pips expected probable maximum range for this week. If 320 pips is to be attained 1.2854 (low) + 320 pips = 1.3174 * 1.2854 is used as constant since it's the high that is vulnerable to being broken Current price being 1.3090 has 85 maximum more pips to rise before halt or crash back down. So 1.3174 is the maximum price may touch this week The risk reward favours selling. This week is expected to end bullish between 1.3020 - 1.3070 close is expected. Violation of 1.3100 today means selling target...Ignored
As a result of this, I prefer using another measure of dispersion - standard deviation which "adjusts" itself according to the volatility in the market.
One last thing, I am of the opinion that price needs to be adjusted by volume. There will therefore be a one - to -one mapping of price and its corresponding volume adjusted price per time.
Your analysis is cool by the way.
Maybe temporary but at least for some 20-40 pips
That is it!
Whatever that might mean for the Cable?!?
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