The GBPJPY traded in a range going into closing on Friday, and then continued to range after opening Monday, that formed a squeeze, or consolidation. Then made a 150 pip move after the break.
Tuesday, June 9, 2009
VIDEO: AUD Wedge Break and GBPJPY Consolidation Break
These are set-ups I posted on the blog. Some readers expressed an interest in how, or what I saw, that made me think they might have some significance. AUDUSD formed a wedge, up against a resistance line, and made a break of the short term trendline for a 140 pip move.
The GBPJPY traded in a range going into closing on Friday, and then continued to range after opening Monday, that formed a squeeze, or consolidation. Then made a 150 pip move after the break.
TO ENLARGE VIDEO: Click on the the button, to the right of the Volume button, at the bottom of the picture.
The GBPJPY traded in a range going into closing on Friday, and then continued to range after opening Monday, that formed a squeeze, or consolidation. Then made a 150 pip move after the break.
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