Friday, January 16, 2009

16 January 2009 @ 3.00 pm (Malaysia) GBP/USD Pair:


Happy Birthday To Me... yes today is my Brithday and sorry for the late predictions from me. What I see today is the continues yesterday predictions. Please read my predictions on 15th January 2009 for Buy Area. It already broke the 1.4700 area so the candle without shy already go sharply bullish. I hope you all will get it and take this opportunity.


So What Next:

This is my predictions at this moment. The Candle is retesting this year High at 1.5372 and the initial support is still at this year low at 1.4350. Then from here if it fail to go further the H4 will perform double Top and the candle will again retest back to 1.4350 at 2009 low and if this happen it will try to go further down to 1.4200 area in few days.

If you noticed yesterday on H4 chart the candle already performed a double bottom line (double blue triangle on the chart and please refer) and that why after that the candle go up further to 400 pips at this moment. Read back on the fx analysis given to you before.

Let see what happen next and remember my advice to you, please trade on what you see not on what you think to be next. All indictor are relible and please be aware all the reverse signal. The oil and gold price is getting down and please be alert on any news emerge today.

THE CANDLE SHOULD TRY TO BREAK THE 1.5120 RESISTANCE AREA.

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