GU already perform Low Price at 1.4350 and then bounce back to 2009 high at 1.5372 (MA Purple colour) on 7th January 2009 then when back to last week low at 1.4474 on 15th January 2009. From 1.4474 it already perform double bottom and bounce back to 1.4979 and fail to break 1.5000 level. From here it drop to 1.4655 and close today at 1.4741.
So what next:
On the H4 chart new candle open below MA white colour and the candle suppose to go to middle of BB line. If it break the middle line, I expect the candle will again try to break this year low at 1.4373. From here it will try to break the 6 years Low at 1.4350 and may go further down at 1.4200 area.
If it fail to break at 1.4350 area, the chart again perform triple bottom and again will try to brake this year high at 1.5372 and go further up for further rally onward.
That is my predictions and please dont belive me. Trade on what you see, not on what we think to be. The major trend is still Bearish and hope we will get more pips next week.
Please be Alert:
KEY RESISTANCE = 1.5372 AND IF BREAK WILL GO FURTHER AT 1.6500 AREA.
KEY SUPPORT = 1.4350
IF FAIL TO BREAK 1.5372 IT WILL GO DOWN FURTHER BELOW 1.4350 AREA DOWN TO 1.4200 AND PERFORM NEW LOW PRICE IN 6 YEARS.
This is only my predictions and it is my view on next week move and never guaranteed. If it meets your requirement and indicators just follow and if not just ignore it. Your trading on your money is your responsible and if you need my training just contact me by phone to books your seat. First come first serve.
Until then Good Luck to all my student and happy trading, inysaAllah.
Allah Hu.
