Forex Market Outlook - 18 Dec 2019
So here is a little test drive of our Fractal Pattern Indicator. We are giving Some demonstration of how we can use the probability information gathered from Fractal Pattern Indicator.
Overall market is pretty bearish, we know that since correlation ranking heat map tells us. In GBPUSD, we can see that current price is pretty close to 95% Probability in price.
At the same time, it is 5 hours away to move outside 68% probability in time. Near 70% is pretty high probability though.
I added Ace Supply Demand zone indicator to confirm this finding. Indeed, detected demand zone indicate potential turning point (with drop base rally anticipation.). Even price penetrate the zone, it will not hold for a long.
This post first appeared on Trading Blogs And Financial Markets Analysis, please read the originial post: here