This chart is considered as a Part 2,which show how the Roc indicator told us that Pairs will violate in up way the weekly resistance which located at level 1.37. As shown on Roc chart .the Roc was working under Med down trend line which working as "Sell Line" since last Sep. 2013, and while the Pairs on price chart still waiting there almost at level 1.37,The Roc cross over their med Down trend line(Sell Line) which tells us,the Pair will cross over their weekly resistance at 1.37. So what we should do?. It depend on you can fellow the Roc signal(with Risk but good profits) and go long before Price action confirmed that move else you wait(which preferred) until the Pairs cross over their weekly resistance at price chart, of course if pairs succeeded to over come such level of 1.37 it will be considered as significant strong BUY Signal and then we can say in loud way..."Welcome 1.38".Good Luck:...
Comments
YR
⋅
Welcome 1.38 :)..GL
YR
⋅
YR
⋅
As shown above Roc gives a perfect signals for Buy and Sell.Of course it gives few false signals but generally it works great specially in determine Bottoms.GL