Tuesday, June 7, 2011

Forex Euro BDM Pattern

The BDM pattern is kind of like the frog boil....a steep ramp to either scare you out or to "keep you in" as in its has to fall.   but then decreasing candle size and velocity upward....

forming a bearish wedge.

time will tell.

Had nice profits on the Euro short, gave all back at this time, if it ramps up will end up with a loss.   

No comments:

Post a Comment

Insightful and Useful Comment!