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Thursday, March 26, 2009

Reversal Pattern - EUR/USD Changing Course?

While I am not a fan of referring to candle patterns using names, occasionally I become interested in a candle pattern. Of particular interest is the 3 bar reversal patterns on a daily chart, which has just occurred on the EUR/USD pair. Three daily bars that deviate from the immediate price direction and all close higher or lower can reveal important information about where price is likely to head. It is not always accurate, however it accurate more often than not and if you were forced to use this input alone, you would likely make money given that you had good trade management. Instead of rewriting a lot of things I have already written, I am simply going cite to a more in depth... Full Story
Posted by forex at 11:29 PM

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  • ▼  2009 (60)
    • ►  July (13)
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      • Forex Daily Outlook
      • Ready To Sell Dollars? How Long Have You Got?
      • Chart of the Day - 3/26/2009 – USD/JPY
      • Should You Have More Than One Forex Dealer?
      • Gbp/Usd Big Picture Elliott Wave
      • The Bernanke Dollar Call
      • Reversal Pattern - EUR/USD Changing Course?
      • A world currency moves nearer after Tim Geithner's...
      • Roubini Says Stocks Will Drop as Banks Go ‘Belly Up’
      • Dollar Strong, But for How Long?
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      • Lack of clear policy threatens the EUR
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