ArnaudKleinveld

Possible short term targets for major pairs

OANDA:GBPUSD   British Pound / U.S. Dollar
Possible targets for major pairs to be reached within the next few hours.
Trade closed: target reached: All directions were pretty much correct except for EURJPY
USD/JPY seems a tough one to predict....
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@lu1977hk, Yes, when it went to 113.7 on December 11 & 12 UTC it dropped 140 pips on December 1, 4pm UTC. Strong buying presence restored price level and made it look like a failed crash. This happened a couple of times since November, the pattern was repeating and it was fairly easy to estimate what was going to happen next. I predicted first few drops pretty accurate, to everybody's surprise on the Forex chat.

However in December things had changed. The drop is missing from the pattern but there seems to be equal buying activity present today and perhaps even more. Unfortunately, as retail traders we have no access to aggregated order data because with this data we would be able to better predict, we could would be able to clarify anything, such as if support and resistance will hold, if price is going to drop or crash, the power of a trend and the required power to bend the trend etc etc. Basically unlimited possibilities. Access to this data will make you god of the network.

Because of its power I think the order data will be very well protected and restricted and without this data everything is hard to predict. We can only work with probabilities and then the trading parties with the best resources and trading capacity will win, read the financial institutions. Taking into account that the Forex market is largely unregulated because of sovereignty issues, what are the odds of winning?
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Hours? Wow!!
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