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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment