The Truth About Forex
The Process of Trading
thanks for the analysis, this is a nice one.
What do you think about the PRZ to be reffered to as the zone enclosed by the three levels:
1 - .88 XA-retracement
2 - 1.27 AB = CD projection - since an AB=CD is mandatory for the pattern to be validated and
3 - 1.61 BC projection
If the price does not show any reaction on each of the three levels and ignores them all I skip the trade.