BUY Area - 1.3859 - (My target is 1.4060)
SELL Area - 1.3817 - (my target is 1.3617)
Why Buy Today (Bullish):
Let explore Monthly chart. It already perform Inverted Head And Shoulder or tripple bottom. Looks like the downtrend already accomplished from the Downtrend move at the 1.5372 area. From the 2009 High (1.5372) candle when deeper to 18 years New Low at 1.3617 area. Then it bounce back to close 1.3874 area yesterday.
On H4 chart new candle perform on top of today Pivot at 1.3828 and the candle try to go higher and try to break 1.4000 area. Yesterday candle close with doji and give a good reversal signal.
Anyway the major trend is still in Bearish mood - that mean no doubt that the candle may try to break the 18 years New Low price at 1.3617, after the consolidations bullish move end today.
Resistance is at 1.4250 and let see what happen next. For me I will take the consolidations movement and take a long positions and make a 55 pips trailing stop.
It up to you man your money is your responsible. Please put a 60 pips Stop Lost. If the market against you why dont you do a math solutions to minimise your lost or perhap gave you a very big win today. Who knows and only Allah knew better.
Allah Hu.
Good Luck.
