Friday, February 5, 2010

Feb 5: GBP USD - Nearing ITD 1 low

Just to reiterate that we are near ITD 1 low time zone. In the past three ITD cycles (I circle them), ITD 1 was due at 0 days, 3 trading days, and 6 trading days after the red line. In the current cycle, we are currently at 5 trading days after the red line. It will probably be due either today or Monday of next week.

 

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