Monday 10 October 2011

EUR/USD Potential abc pattern

EUR/USD Hourly

We got an early signal of reversal, divergence between price and AO. Now I'm waiting for a saddle point, tight consolidation pattern or break support area to confirm the abc pattern...

Similar pattern on AUD/USD hourly chart...

UPDATE
EUR/USD Hourly

Failed to make abc pattern, price move higher break up fractal and AO also increasing.. oh well until next setup..

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