Market Barometer Update
Hi guys, as I've mentioned before, I post these chart shots for a few other traders. All currencies are inside the 40-60 band. This doesn't happen very often on the 4 hour. When it does, it means that big (very large) moves are building. We should see some significant moves form over the next couple of days. Should be fun for trading.
The 40-60 range = consolidated and ready to make a move. It does not tell us the 'direction' of the move. We need other indicators for that.
The 40-60 range = consolidated and ready to make a move. It does not tell us the 'direction' of the move. We need other indicators for that.
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