What is the direction of highest probability today? (12/03/10)
by Johan Kriek (jkriek@fxinstructor.com)
Probabilities:
Direction of Highest Probability: BULLISH
60 minute trend support: 1.3610
Bearish Probability below: 1.3610
Significant support: 1.3440
Significant resistance:1.3750
Direction of Highest Probability: BULLISH
60 minute trend support: N/A
Bearish Probability below: 1.4800
Significant support: 1.4800
Significant resistance:1.5270
Direction of Highest Probability: BULLISH
60 minute trend support: 0.9140
Bearish Probability below: 0.9140
Significant support: 0.9080
Significant resistance: 0.9250
Direction of Highest Probability: N/A, wedge needs to fail or break to downside
Bullish Probability above: 91.00
Bearish Probability below: 90.50
Significant support: 91.30
Significant resistance: 88.10
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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













































