BUY Area - 1.4075 (my target is 1.4156 and after that 1.4350 area).
SELL Area - 1.4035 (my target is 1.3950 and after that 1.3850 area).
Trading Range is between 1.3850 to 1.4350
Salam..... and Hi.
Candle is on consolidations move from 1.4660 drop and furthur drop is possible to 1.3850 and may drop to 1.3700 area in few days.
The nearest resistance is at 1.4156 and if break candle may go up furthur to test 1.4350. If this happen candle will test 1.4660 area. If fail candle will find Mr. pivot again at 1.4054 and from here will test 1.3850 area.
Please be aware on all reversal signal like Harami, doji, inverted hammer or hangging man.
Let see this happen and happy trading.
Allah Hu.
H4 Charts At 06.30 pm (Malaysia):
Look at H4 chart - candle is trying to break 61.80% Fibonaci and is on going to test 50% Fibo. If success candle will try to break my target at 1.4156. If success candle will try to test R3 at 1.4263. If fail candle will drop back to Mr. Pivot at 1.4054 and deffinately will test 1.3850 area.
Let we see this happen and please be more discipline on all the relevan indicator.
Allah Hu.
1 comment:
Rate rallies overnight then falls back to test support in NY again, low prints at 1.3982 above major bids said to be around 1.3950 area; shorts are gaining confidence for a break under 1.4000. Rally to clear close in stops above 1.4300 and a close over the handle suggest more upside and a short-squeeze; bounce off the lows back to 1.4080/90 area suggests bids are increasing. Two-way action between existing S/R the past 72 hours likely to continue. Stops likely building on both sides increasing the chance for whipsaw. Traders report stops in-range adding for two-way action. Long-term tech resistance now at 1.5000 area likely to cap near term but stops are building above and the 1.5000 handle is a big psychological number. 23 year lows are very likely to hold on any break with initial support now at 1.3900 in play. Two-way action continues suggesting that shorts are aggressively adding and longs are trying to find a bottom.
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