The 4h EURUSD chart shows a potential failed inside bar breakout pattern (aka ‘fakey’ by Nial Fuller), in fact a double signal. We are still too early in the current bar but I will closely watch how it plays out. There is quite some room for a corrective move lower as the pair seems overbought and far out from the ‘center of gravity’.
EUR/USD: potential (double) fakey
This entry was posted on Monday, March 7th, 2011 at 10:19 am and tagged with EURUSD, fakey, insidebar and posted in trading note, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.
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