This is just my guess. It looks like there is a low-risk trade where the USD is lifting from very oversold and it has moved out of a small trading range where it has built a level of consolidation.
I like how the stochastics have turned.
The risk is low and the upside is large AND the reversal trade looks good too if this doesn't work. Stop for the reversal would be 1 ATR (not 3).
Cheers,
Technical Tim 2:00PM EST, Tuesday Sep 25, 2012
I like how the stochastics have turned.
The risk is low and the upside is large AND the reversal trade looks good too if this doesn't work. Stop for the reversal would be 1 ATR (not 3).
Cheers,
Technical Tim 2:00PM EST, Tuesday Sep 25, 2012
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