Yes, It would.
I have based this view primary on the fact that the time along the solid red curve in the 2 Hour Time frame on this post:
http://www.forexfactory.com/showthre...33#post4722333
is too soon to be broken downwards.
It did the touch that it needed at 4124 yesterday, and couldnt go further down.
It needs more time to pass on before making another attempt at it to go further down.
It also didnt go to the resistance that I thought it would on the M15 Time frame of the same post.
So its still in undecided territory.
And what would price action do in undecided territory?
It will spend more time between the ranges, until it finds a nicer place to break a resistance or support.
But for now I am bullish for the next 150 pips
I have based this view primary on the fact that the time along the solid red curve in the 2 Hour Time frame on this post:
http://www.forexfactory.com/showthre...33#post4722333
is too soon to be broken downwards.
It did the touch that it needed at 4124 yesterday, and couldnt go further down.
It needs more time to pass on before making another attempt at it to go further down.
It also didnt go to the resistance that I thought it would on the M15 Time frame of the same post.
So its still in undecided territory.
And what would price action do in undecided territory?
It will spend more time between the ranges, until it finds a nicer place to break a resistance or support.
But for now I am bullish for the next 150 pips
DislikedSo would this also fall under your look at 10:15 to 12:00 PM EST? Right now the price is falling and approaching the bottom of the circle and you are predicting a big bounce up which would be in the opposite direction for the traffic traveling now.Ignored
