Wednesday 25 August 2010

$ Swiss- px failure and EurGbp px failure

I have found that it is always the most recent swing low that determines price action . Here in this 5 min $CHF chart regardless of the fact that the previous thin black ML set (with a lower pivot P0) is in touch with the CL, it is the thick black fork with the more recent P0 pivot that now determines price.

















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