Cable bounces off the green mod Schiff LMLP and through the brick red down-sloping reaction line that has carried price action lower.
Friday, 8 July 2011
GBPUSD & EURUSD
Two attempts at reaching the down sloping red CL have failed. My eyes rest on the dotted white trigger line from the grey u-s fork and also the larger picture (see previous posts re price action around the thick green horizontal CL from monthly fork)
Cable bounces off the green mod Schiff LMLP and through the brick red down-sloping reaction line that has carried price action lower.
Cable bounces off the green mod Schiff LMLP and through the brick red down-sloping reaction line that has carried price action lower.
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