November 12, 2011

  • Weekly indicators are mostly favoring bears as of now.
  • But things are even in daily chart as it is trading in a range. Range showing in daily chart has to give a breakout or breakdown on closing basis for the next big move to happen.
  • Triangle in Hourly Chart may give an early indication of the direction.
  • GBPUSD WEEKEND UPDATE

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore