UPDATE: As of Nov 04-05, 2015
Overlay Study 1 & 2 on the SGDJPY cross pair has a significant technical perspective. Chart study 1 shows how the Exponential Moving Average is used to smooth the distortions and eliminates price swings HI/LO on the candlestick chart. While doing so, taking a clearer view without the bars will show how the Gartley formation can be seen without the relative bias of the candlestick bar formation. The identified pattern has just started its price reaction.
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