I don't know what this shape or pattern is called but after it forms that U shape, it goes in the direction of the last leg significantly more than not. Often categorized by those 'small bars' mentioned by someone in an earlier post. Here's GBPJPY and GBPUSD.
- #6,702
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- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #6,703
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- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #6,704
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15 YEARS OF PASR ON FOREX FACTORY!
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Trading = a mirror to your human flaws. Fix them or be fixed.
- #6,714
- Oct 22, 2009 5:58pm Oct 22, 2009 5:58pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #6,715
- Oct 22, 2009 5:59pm Oct 22, 2009 5:59pm
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15 YEARS OF PASR ON FOREX FACTORY!
- #6,716
- Oct 22, 2009 6:03pm Oct 22, 2009 6:03pm
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15 YEARS OF PASR ON FOREX FACTORY!
- #6,717
- Oct 22, 2009 6:11pm Oct 22, 2009 6:11pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!