- Down to truly micro analysis here while waiting for trades to step up in performance.
- Daily chart for GBP/USD : Notice the similarities between the 3 candles (pink area) .. and the latest 3 candles (purple area). Last 1.5450.
- Also the period immediately preceding both = bear flag consolidation.
- Of course its still early in the day and we need a weak NY close to maintain the look of the latest candlestick pattern.
- If history repeats (admittedly it never does when you want it to .. and always does when you least expect it to do so), then we should be in for a large down move in the next couple of days.
- Just an observation. Bored. Micro trading is not my thing.
- [Addendum 5:36 pm 25Feb10 : Its working. Now @ 1.5280.]
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