Just a visual observation: isn't that quite a weight for one candle? The lines, joining candlewick price points ... Looking at the angles one can 'type' behaviour. It's gotten rather steep. I think it good practice to observe forex markets in tandem with others, say precious metals, crude, key indices etc. Crude and silver are both up again & gold is currently jiggling below / nudging at key resistance. I refer to these as market mechanisms, they work in tandem, like an undulating symphony of players. With stocks weakening a further jump in gold to say 1317 or above might be just enough of a tip ... Maybe not today ...
Comments
haytch
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absolutely
finitemonk
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Watching the Euro support ... Hold or break?
haytch
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all markets and currency pairs (directly or indirectly) are linked to the USD and act accordingly
finitemonk
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And vice versa ... And sometimes there are tipping points.