DislikedGBPUSD week 45 5 Oct Tokyo: GU 4H is going into a transition phase change of the market type. Can you spot that? After last week' bearish down move we have to wait and see if it will continue or if there will be a reversal. Good Trading Folks.Ignored
considering a daily TF of the GBPUSD it suggest that we are starting a ranging period (between the two green rectangle). On the H4 TF there was a bullish TDI cross BELOW the MBL and the MBL still heading down. Perhaps I have a very cautios approach but this is not the best setup for me, but some with higher risk appetite could aim the 1.60750 area.
http://imageshack.com/scaled/large/845/9vm.gif
http://imageshack.com/scaled/large/29/wq4.gif
thrax
ps. unfortunately I can not upload the pictures as I am only a junior member and I would exceed with this upload my quota...