Chronicle of the biggest, deepest and most liquid market in the world, the Eurofx market, traded on interbank spot forex market as Eur/Usd and on IMM as the Eurofx futures. Patterns include CCI patterns ZLR etc. IMPORTANT notice: Nothing in this website constitute any advice to buy or sell financial instruments. The contents of this website are for EDUCATIONAL purposes and should not be construed to constitute investment advice. Charts will be from FXCM Power Charts.
20070412 1441 GMT. A friend from Australia alerted me to using the OBV (On Balance Volume) indicator to confirm higher troughs or lower peaks. In this case OBV confirmed the higher trough. Well worth investigating for trading FX futures.
EURUSD chart
posted by emacro @ 10:44 AM
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