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by Johan Kriek (jkriek@fxinstructor.com)
The markets have been good to me this morning.
Here are your Probability Studies:
Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.4975
Bullish Probability above: 1.4975
Significant resistance: 1.4975, 1.5035
Significant support:1.4800
Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.6720
Bullish Probability above: 1.6720
Significant resistance: 1.6720
Significant support:1.6210
Direction of Highest Probability: BEARISH
60 minute trend resistance: 0.9210
Bullish Probability above: 0.9210
Significant resistance: 0.9210
Significant support:0.9120
Direction of Highest Probability: BEARISH
60 minute trend resistance: 88.95
Bullish Probability above: 88.95
Significant resistance: 88.95, 89.50
Significant support:88.62
___________________________________ This analysis has been based on the Probability Study Technique which is derived from the Dow Theory Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.
For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at http://www.fxinstructor.com/eng/courses/probability.php to learn this technique or to book a free Level 1 class
Enjoy and good luck!
Johan
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