by Johan Kriek (jkriek@fxinstructor.com)
The markets seem to be pretty quiet today
Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.4641
Bullish Probability above: 1.4641
Significant resistance: 1.4641
Significant support:1.4575
Direction of Highest Probability: BULLISH
60 minute trend support: 1.5890
Bearish Probability below: 1.5890
Significant support: 1.5890
Significant resistance:1.5950, 1.6300
Direction of Highest Probability: BULLISH
60 minute trend support: 0.8730
Bearish Probability below: 0.8690
Significant support: 0.8730, 0.8690
Significant resistance:0.8788
Direction of Highest Probability: BEARISH
60 minute trend resistance: 90.50
Bullish Probability above: 90.50
Significant resistance: 90.50
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!
Johan
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