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
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