Learning to read Price Action with P&F Charting

outlook for non farm payrolls/tomorrow
eurusd 5 min data showing the latest move up
watch the reaction at 2970 area if it p/b
35inpnb.gif
 
eurusd..update to that 30 min chart posted yesterday
.we wondered if that uptrend could hold
it did not,and we got a good signal to go short at the break of the trendline
horizontal red line

16a5w6e.gif
 
same data
we now go to a different box size to track that downtrend
each trend has its own range volatility..so box sizes do have to be adjusted to bring out all the necessary information
2edr3ut.gif
 
spx 1 minute data
thursday and friday
a spike up after the open ..nfp release
this minor uptrend was soon taken out
then just follow the price downwards,trading the breakouts
10gmnfr.gif

0.50 pts by 1 reversal
 
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