Friday, January 23, 2009

Update: Go Figure


USD/JPY, 30m

Did ya figure it out? Symmetrical triangles cannot indicate whether the trend is bullish or bearish. What it is is a consolidation phase where bulls and bears are locked in stalemate. However, when there's a breakout on either side, chances are it continues, barring any bull/bear-traps.

No comments:

Post a Comment