If this trend signal works, a larger 18 week decline will become valid, and we could expect a very sharp drop towards 0.75972. This is also illustrated by a that I drew using key highest low and lowest high .
You could use traditional highs and lows too, but I find the highest lows and lowest highs more telling, since they reveal what the last bastion of the buyers or sellers was in each leg. A very good idea derived from Tim West's teachings.
Fundamentals are for the dollar, and we also have the commercial traders on our side, on this and the Euro longs, so I think this setup is of considerably high probability.
Should you take it, good luck!
We'll need it when dealing with the SNB bag of tricks.
Time at Mode FX
If we expand range this week, the target for the bigger box will be confirmed, 55% chance.
Adding to shorts if we expand range.
Looks very promising and i will take a close look at this guy.
How to draw a fork is only important for the person who uses it.
If you have better results this way, hell why not change this and that?
This is exactly where creativity compared with study comes to trading and can lead to much better results.
It's great to see how you do your Homework with what Babson and Andrews had invented.
I encurrage you to follow this path...
And tnx for this heads-up
These are great: