Monday, August 11, 2008
GBPJPY : Long lower shadow + gap
9:18 am gmt +8
H4 candles form long lower shadow and gap. I believe that the long lower shadow is a good sign for BULLISH as long as the last candle is bull candle and became more reliable if the current candle break the previous candle high... however it's too early to make any decision. The last candle has just formed 10 minutes ago (the time i framed this picture).
And how about the gap? Actually i'm not really confidence on monday's gap. My reason is the market runs 24 hours and 7 days a week... but the trading platform not capture data on saturday and sunday. So that we can't see the real movement. The business activities out there continuously run even the platform closed for any activities.
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