MAY 20.2014. EURUSD is down. Length of bearish is 11 bars (11 hours). Whether up or down it will go approximately until 11 bars. Although it was analyzed as it will go down, but prefer to set an order after half of 11 bars (5-6 bars) from the first time the trend shown up.
After 11 bars it will reverse or sideways.
EDIT: Although this graph is 4hours, but 11 bars must be applied to 1 hour timeframe. Prefer change it first to 1hour timeframe, then apply 11 bars to it. 11 bars of 1 hour timeframe (not 4hours).
After 11 bars it will reverse or sideways.
EDIT: Although this graph is 4hours, but 11 bars must be applied to 1 hour timeframe. Prefer change it first to 1hour timeframe, then apply 11 bars to it. 11 bars of 1 hour timeframe (not 4hours).