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Change of Polarity For AUDUSD?


Question: Does the change of polarity principle work with charts that have sloping trend lines?

This is a good question as I’ve only used the “change of polarity” principle on charts that have exhibited flat (or near flat) trend lines.

As of yesterday’s close the AUDUSD has parked itself slightly above its previous downward trending resistance line which it broke on 16th June.

So can we expect to see the AUDUSD rally based on this “change of polarity” principle?

Unfortunately due to my lack of experience with keeping an inventory check of changes in polarity with sloped trend lines I cannot sufficiently answer this question.

I guess the best thing we could do is just see what happens… and then we can all learn from the experience!

Tags: AUD USD

This entry was posted on Monday, June 27th, 2005 at 6:49 pm and is filed under AUD USD. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Change of Polarity For AUDUSD?”

  1. Currency Secrets » Blog Archive » AUDUSD Breaks Out From Sideways Congestion Says:
    June 28th, 2005 at 6:05 pm

    [...] 3; }

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