Quote:
Originally Posted by bubble
Mairangi,
your chart looks good , my only concern at the moment with this GBPUSD is that we are almost trading it blind ,i personally do not have enough historical data on the 60 and 240 to see where the next resistances are above the current peak on the 60m, if that peak on the 60 matches a resistance on the 240 we could be in for a bigger correction.
bubble
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Bubble,
When you say that "we are almost trading it blind", I take it since we are at price levels that we haven't seen since 1992 or so, that there just isn't any historical data to draw S/R lines from?
Dave