Quote:
Originally Posted by PipChick
What I see on the weekly chart are continuous bear flags but there again, it is a weekly chart and can go North quite a ways before the bear flag is violated. I usually do my analysis by keeping in mind the larger time frame charts but basically trade off of the 1 hr and even the 15.
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I'm sure the 15min and 1hr are pattern failures this time...
I think the 15 min chart is the beginning of pattern failures...1hr, 4 hr etc will also fail tonight...I've attached the 15min pattern failure from Friday...what do you think?
Yes, tonight is going to be very interesting...many traders will turn on their screens tomorrow and think - WTF happened??
I hope I'm right with my Long, I'd like to ride this one all the way and trade around my core position too..(there we go, being greedy again!
)...We should start to see some slight movement from 2000hrs GMT onwards...Bear in mind it's the BOJ Minutes at 0100hrs GMT so could be huge movements from 0100hrs onwards.
There again... I could be wrong.. Can't win em all