Posts Tagged ‘Follows’
One of the more interesting use of patterns – especially when they are automated – is to consider the support, resistance, and trendlines they are made up of rather than considering the pattern as a whole. The reason for this is because sometime patterns develop and even trigger entries that are not necessarily appropriate/valid for [...]
Categories: Currency Charts
Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (8/23/2010) has once again respected the strong accelerated downtrend represented by the key downtrend resistance line extending from the early June high. Although the end of last week saw price rise to approach this trendline once again, [...]
Categories: Technical Analysis
