BUY Area - 1.4231 ( My Target 1.4350. Next 1.4606)
SELL Area - 1.4191 (MY Target is 1.4050. Next 1.3850)
Yesterday both my Sell and BUY area met:
SELL area met at 1.4203 and drop at 1.4090 but fail to break 1.4050. As aspected if not broken that level, candle rebound back to find Mr. Pivot again. After that candle reach my BUY area at 1.4243 but fail to meet my target at 1.4350.
So What Next:
Trading range is between 1.4050 to 1.4606 maintain and yet Initial Support is not broken after tried three time this week. Look like candle fail and must test back 1.4350 and if success will test Initial Resistance again at 1.4606. If this 1.4600 area broken no doubt, candle will try to break 1.5000 area within a few days. If this happen that mean the drop from 1.4985 already accomplish and make a new consolidations move from 1.4090.
Let see together this happen or not. For me if 1.4050 hold after three tried the candle may test back 1.4350 again. But please dont belive me this because it is only my predictions. I've belive candle will try again to break this support next week and will try to break 2009 Low at 1.3500.
Until then good luck. Salam.
Allah Hu.
ps.. for all the gurus from other forum, please mind your own biz, because this predictions is only for my student. I dont care wether this stupid predictions is right or wrong, because many already call me and thanks me because of this stupid predictions. Very shame on you to tell me that I'm not doing good for the community. Because I'm really dont care that negetive words. Allah Hu. May Allah forgive then.
1 comment:
Don't be fooled by recent mainstream press reports of a ‘pound rally'. What we're seeing here are short-lived bursts rather than a proper, sustained gain. The trend for the pound remains down.
Why? Because UK interest rates and the economy are both heading south.
Earlier this week, the Bank of England's Deputy Governor Charles Bean cautioned that the country's recession may be more deep and dangerous than forecast, possibly requiring the Bank to cut rates further.
Take a look at the graph below. It shows two things. First (the red line), we can see how far and fast the UK base rate has fallen to the current 300-year low at 1.0%.
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