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www.trading-strategies.info In this Forex Video we see some of the pitfalls of what most of the text books say about trading a range, often refered to as bracketing a range.
We remain patiently bullish Sterling Yen for an eventual break of 137.70!
Overlapping decline from 1.0585 suggests a declining wedge that should fade below 1.02. A loss though of 1.0130 shifts significantly in favor of acceleration.
Euro Swiss is marking out the first leg of a major recovery along the lines of classic extended fifth wave theory.
Sterling has reacted well from the 1.5665 5=1 target. But needs to break 1.5550. What if it doesn’t but breaks 1.5665 instead?
