Friday, February 27, 2009

GBP/USD Pair @ 08.00 am (Malaysia)


BUY Area - 1.4297 (My target is 1.4416. Possibility to Break 1.4660).

SELL Area - 1.4257 (My target is 1.4150. After that 1.4050).

Salam and Hi,

What Next For Today :

Trading Range is between 1.4050 to 1.4660.

Please refer to H4 chart at 08.00 am Malaysia Clock. Candle open below middle of BB. RSI 7 is going down. Candle try to test Mr. Pivot at 1.4277 and yesterday Low at 1.4160. If success candle will test Initial support at 1.4050 again.

If fail candle will rebound back to test yesterday high at 1.4382. If success candle will try Initial Resistance at 1.4660.

Anyway please refer to daily chart and weekly chart. Candle yesterday end and left Bullish Harami Pattern and deffinately will reverse up further Late Today. Maybe after 09.00 pm Malaysia Clock or earlier at 04.30 pm.

Until then let see this happen and Good Luck.


Allah Hu.

ps : Congratulations to those who got more than 100 pips yesterday and welcome to the club to all new members.

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