by Johan Kriek ([email protected])
Key events:
– US inflation figures in the form op PPI at 12:30GMT
Key notes:
– Price is consolidating across the board. If you are patient enough to wait for those breakouts you will be rewarded
Probability Studies:
by Johan Kriek ([email protected])
Key events:
– US inflation figures in the form op PPI at 12:30GMT
Key notes:
– Price is consolidating across the board. If you are patient enough to wait for those breakouts you will be rewarded
Probability Studies:
Direction of Highest Probability: BULLISH
60 minute trend support: 1.4880
Bearish Probability below: 1.4880
Significant support: 1.4880
Significant resistance:none
Direction of Highest Probability: BULLISH
60 minute trend support: 1.6380
Bearish Probability below: 1.6380
Significant support: 1.6380
Significant resistance:1.6448
Direction of Highest Probability: BULLISH
60 minute trend support: 0.9270
Bearish Probability below: 0.9270
Significant support: 0.9270, 0.9210
Significant resistance:none
Direction of Highest Probability: BEARISH
60 minute trend resistance: 90.55
Bullish Probability above: 90.55
Significant resistance: 90.55, 91.30
Significant support:89.67
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This analysis has been based on the Probability Study Technique which is derived from the Dow Theory
Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.
For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at
http://www.fxinstructor.com/eng/courses/probability-reserve.php to learn this technique
Enjoy and good luck!
Johan