Tuesday, October 20, 2009

What is the direction of highest probability today? (21/10/09)

by Johan Kriek (jkriek@fxinstructor.com)

Key event for today:

08:30 GMT – BoE releases October meeting minutes

Probability Studies:

eur

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

gbp

Direction of Highest Probability: BEARISH
60 minute trend resistance:
Bullish Probability above:
Significant resistance:
Significant support:

aud

Direction of Highest Probability: BEARISH
60 minute trend resistance:
Bullish Probability above:
Significant resistance:
Significant support:

jpy

Direction of Highest Probability: BEARISH
60 minute trend resistance:
Bullish Probability above:
Significant resistance:
Significant support:

___________________________________
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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