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Last month I've posted this analysis that you're about to read in the Technical Analysis Contest, you can find the original post here: GBP/USD Fractal Map I thought to share it here as well since it has provided a good road map in trading cable so far.
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a…
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a…