Thursday, May 31, 2007

RIS goes well in the correctives?

hi, gud day, the pair seem to go flip and fold making it a more complicated corrective pattern. so here juz wanna highlight the RSI(14 period) which have been a good support and resistance level.

juz now at 1.3475, the rsi 14 do show a territory of good resistance. after touching level 70, the pair take a turn and go for lower 1.3444.

so far i can conclude that, the rsi 14 did make a good job in the corrective wave,especially in the formation of triangle and corrective wave combinations.

have a nice trading day.

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