BUY Area - 1.3859 - (My target is 1.4060)
SELL Area - 1.3817 - (my target is 1.3617)
Why Buy Today (Bullish):
Let explore Monthly chart. It already perform Inverted Head And Shoulder or tripple bottom. Looks like the downtrend already accomplished from the Downtrend move at the 1.5372 area. From the 2009 High (1.5372) candle when deeper to 18 years New Low at 1.3617 area. Then it bounce back to close 1.3874 area yesterday.
On H4 chart new candle perform on top of today Pivot at 1.3828 and the candle try to go higher and try to break 1.4000 area. Yesterday candle close with doji and give a good reversal signal.
Anyway the major trend is still in Bearish mood - that mean no doubt that the candle may try to break the 18 years New Low price at 1.3617, after the consolidations bullish move end today.
Resistance is at 1.4250 and let see what happen next. For me I will take the consolidations movement and take a long positions and make a 55 pips trailing stop.
It up to you man your money is your responsible. Please put a 60 pips Stop Lost. If the market against you why dont you do a math solutions to minimise your lost or perhap gave you a very big win today. Who knows and only Allah knew better.
Allah Hu.
Good Luck.
4 comments:
To all my belove frens, this is a tip from me.
If the resistance hold at 1.4250 (not broken) the Bearish mood is still positive. The price will try again to break the 1.3617 point.
Becarefull of the bearish signal and Good Luck.
Allah Hu.
Sell area 1.3818 - 1.3613(yesterday low) Buy area 1.3858 - 1.5376 (this month high). Open for the day above pivot 1.3838 thus tendency price moving upward. Yesterday it has reached 1.3613 the lowest in 8 yrs and form tripple bottem and price bounced 400 pips high in early morning 3am Msia.It tooks 3 days raly to reach the lowest point and it reflect a complete cycle for downward projection trend.Overall mkt trend for today is Bullist as confirmed by M30 and H1 and H4 chart.
Sell area 1.3818 - 1.3613(yesterday low) Buy area 1.3858 - 1.5376 (this month high). Open for the day above pivot 1.3838 thus tendency price moving upward. Yesterday it has reached 1.3613 the lowest in 18 yrs and form tripple bottom and price bounced 400 pips high in early morning 3am Msia.It tooks 3 days raly to reach the lowest point and it reflect a complete cycle for downward projection trend.Overall mkt trend for today is Bullist as confirmed by M30 and H1 and H4 chart.
Sell area 1.3818 - 1.3613 and Buy area 1.3858 - 1.5376 For the day open prc is at 1.3872 which is above pivot pt 1.3838. Since opening is above pivot,tendency prc is moving upward as it has rallied downtrend for the past 3 days.
Should prc failed to penetrate the resistence at 1.3976 1t will find its way down to sell area and try to make its way to bottom low 1.3613m Of course it has to break support level 1.3816 first.
overall mkt is bullist. To confirm this charts at time frame M30 and H1 indicated its uptrend movement.
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