Hi everybody,I quote from my previous post..
"If we update the "Hurst method" prediction with the latest information,we can see that there is a potential for reversal in the 1.9834/1.9891 area,according to the 1h pic..we are there now,so,trade with even more care than usual." ...WE WERE THERE INDEED..YESTERDAY WE HAD OUR REVERSAL
"On the other side if we look at the 4h pic..from the extrapolation of the longest centered sma crossing point we can see that there is the potential,IN BOTH PRICE AND TIME,for a reversal in the 1.9934(+-67 pips..1.9867/2.0001) area..TOMORROW or Thursday" ...THE REVERSAL WAS ALMOST @ 1.9934,IT WAS @ 1.9914..BUT IT WAS ON TUESDAY,SLIGHTLY EARLIER THAN PREDICTED(So,the prediction was late,reality is what counts..
)
New prediction:We will see GBPUSD in the 1.9665/1.9620 area, at least, either today-Wednesday- or tomorrow-Thursday..see pics
Will continue..hopefully
Simba