This study is not that precise, nor I will use it for trading.
CHF/USD 12h
...and CHF 12h flipped :-)
because CHF is inverse chart, we flipped it.
looks like CHF made a top and now correction is under way.
AUD/USD 8h
Unlike CHF, AUD is not topped, but now it is in formation like a rectangle. However, inside the rectangle, it made lower lows (pink line).
Other currencies
CAD and GBP going nowhere and charts are not interesting for us.
Oil (WTI) - 1 day
Crude is not dynamic at all. There is formation that first may look like rectangle, but second look shows that most of the highs are higher highs - see yellow dots. Only exceptions are the two green dost. So formation is more like upper channel.
2010-10-30
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1 comment:
nice post, thank you...
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