by Johan Kriek (jkriek@fxinstructor.com)

Please have a look at the charts below:

The major trend is still bullish as we can see on the chart above. I have identified the most activy cycle within this major trend which is known as the current

On the 4hr chart above I have identified the most active cycle within the current trend. This cycle is known as the 60minute trend - indicated with the green lines

Here we can see the bullish 60minute trend is all it’s glory. As long as this one remains bullish we will have a bullish probability..

Of course, the 1 hour stochastic is bearish at this stage and therefore we have a no trade zone. This means that market rhythm is trending lower.

I will therefore stand aside until the 1hour stochastic gives me a bullish cross. Never trade against the trend..

Good luck

Johan