1.34 !!! May be early Jan. I don't think the currency is mature for a change. The bottom is not too solid. Of course 1.3 is being confirmed as a base. X'mas future expired, it is not enough time to create position; especially, the holiday season will start on next week. Traders should get a good bonus this year. There is no reason to make a wild move.
Originally posted by gz-trader at 2003-12-13 00:18:
1.34 !!! May be early Jan. I don't think the currency is mature for a change. The bottom is not too solid. Of course 1.3 is being confirmed as a base. X'mas future expired, it is not enough time to ...
I feel comfortable reading weekly chart than hourly chart or 15 min charts. You will never get the sense of long term trend by shorter time frame. Furthermore, a lot of short term traders got kill by short term time frame chart analysis.