SELL Area - 1.4431 (my target is 1.4300 area - possiblely may drop further at 1.4200 area).
BUY Area - 1.4471 (my target is 1.4600 area).
As predicted yesterday my Buy Area at 1.4375 met handsomely as Hazwan and met my target at 1.4500 and close at 1.4576. After fail to break 1.4600 level, candle drop back to close at 1.4453. This consolidations movement is from the double bottom pattern candle from price at 1.4051 and fail to go further up. As I told before if candle fail to penetrade and open below R1 the candle may drop back and find Mr. Pivot again.
Today (morning) this movement is still continue and candle may drop back at S1 - 1.4326 and possibly may drop sharply to 1.4051 if the price break 1.4200 area. Fail to do so the candle may find back Mr. Pivot at 1.4451.
Look at H4 chart
1 comment:
Now 1.4448 below Pivot
Pivot 1.4451
Sell area 1.4431 1st target 1.4330 then 1.4248
Buy area 1.4451 1st target 1.4511
Market open below H4 (200) and hv tried to fail panetrade pivot few times. Strongly pushing down to 1.4400 SRDC support. Break this price it will go further to 1st target 1.4330 (which is S1 1.4328).If break next is 1.4250
Other scenario Fail to break aove supports, it will retrance up to MR Pivot and to buy target 1st target 1.4511.
I hv strong feelings that both sell and buy targets is achievable base on this week's market style.
Good luck
Trade with joy and profit
Post a Comment