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Originally Posted by ramdas
Dear increase.
I have attached current chart with explanation.
in this setup only important thing is price pattren.
just observe price patern.
i do not consider crosses since cross fromation is delayed
Happy Trading
Ramdas
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Also there is another important point regarding Cross currency.
we have to also take in to consideration what is happening to counter pair.
if say E/U rise reached some resistance point then U/C will stop falling.
i look at four main pair..U/J, U/C, E/U and G/U and spot price pattern SMA S/R on each pair. since when one pair reach important sma res say sma2400 and stop there, then other pair will stop falling..and may not touch nearest sma support.
Happy trading
Ramdas