Quote:
Originally Posted by 4xStar
Is that a giant head & shoulders on the one hour? And check out the 15' another h&s .. somethin's about to give with this pair??
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The trouble with that thinking is that it sets up an expectancy bias. You start to preferentially look for the data that confirms your bias whether you realise it or not. There is NO research evidence to support patterns like head and shoulders as being predictive. Keep your analysis simple. What we can say is that the substantial pound sell off has held up between 9400 and 9500. That should be enough info to form the basis of a trading plan for this pair