What is the direction of highest probability today? (01/10/09)

by Johan Kriek (jkriek@fxinstructor.com)

Seems like a slow start today but if you are patient you will be rewarded

Direction of Highest Probability: BULLISH
60 minute trend support: 1.4550
Bearish Probability below: 1.4525
Significant support: 1.4525, 1.4550
Significant resistance:1.4690

Direction of Highest Probability: BULLISH
60 minute trend support: 1.5905
Bearish Probability below: 1.5905
Significant support: 1.5905
Significant resistance:1.6220

Direction of Highest Probability: BULLISH
60 minute trend support: 0.8779
Bearish Probability below: 0.8779
Significant support: 0.8779, 0.8665
Significant resistance:0.8860

Direction of Highest Probability: BEARISH
60 minute trend resistance: 90.25
Bullish Probability above: 90.25
Significant resistance: 90.25, 91.05
Significant support:88.20
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This analysis has been based on the Probability Study Technique which is derived from the Dow Theory

Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.

For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at
http://www.fxinstructor.com/eng/courses/probability-reserve.php to learn this technique

Enjoy and good luck!