Learning to read Price Action with P&F Charting

cable..most people seem bearish
35 by 3 daily data.hilo plot
yes,a double top..no real negativity as yet
6 months data on the chart.last pullbaack was relatively small.so need to see where major support comes in

t6rtiu.gif
 
well..just as you thught the dollar was getting bullish.a major intervention on 20 oct.broke the downtrend.lets see what happens around the green line
18 pip by 3 reversal.hilo..10 minute
3 weeks of data
plunge protection working overtime...??


20zqpfs.gif
 
eurusd appox 2 weeks of data
we can see the latest downtrend which started on monday morning 26 october..green down line
this has now been broken on thursday 28 october.chart got bullish again on friday 29 octobe in the us session.
dollar weakness again now.so stocks possibly up.mid term elections etc etc ?? i think
14 pips by 1 reversal.close
10 min data plot

1z31ov6.gif
 
negativity creeping into the euro.we have seen this before.so lete see if 1.4010 acts as resistance.that consolidation could get taken out
hourly data input
48 pips by 3 reversal.hilo plot
data is from 21 september
not good for stocks

bhbsdt.gif
 
eurusd...hourly data input
14 pips by 1 reversal.
1 month of data on the chart
price still in an uptrend.nearly back at the trendline.need to see where support comes in,or do we continue down.
virtually all the move upwards sparked by mmore qe has been taken out

blmqa.gif
 
Back
Top