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.
Showing posts with label investing in forex. Show all posts
Showing posts with label investing in forex. Show all posts
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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