Wednesday, January 28, 2009

28 January 2009 @ 11.00 am (Malaysia) - GBP/USD Pair


BUY Area - 4.137 (My target is 1.4250 after that at 4.4350)

As aspected yesterday GBP/USD reached my target at 1.4200 area and stop at 1.4240. This consolidations may continues if it break 1.4250 and from here the market will try to break 1.4400 area. If this happen in few days then the candle will try to break 1.4600 area. From here if it fail the candle already completed the consolidations and will when back to find the pivot point again at 1.4117.

From the H4 chart candle already open on the white MA colour. If it penetrate the MA Yelow colour the candle may go further at 1.4430 point. Fail to do so the candle will when back to meet Mr. Pivot again. Let see this happen my friends. InsyaAllah.

SELL Area - 1.4097 (My target is 1.3850)

Initial support is at 1.4025 and 1.3850. If break this 2 point the candle may drop deeper to 1.3500 area in few days.

InsyaAllah.

Allah Hu.

ps - This is for Educations Purpose Only for me and to all my friends. I'm not responsible on all my preditions and if you choose to follow me it up to you. Your money is your responsible not me. All the indicator relevan is use from my experienced trading in 3 years and on all my forex courses that I attended. Few people enquiry that I used thier Indicator for my forex clases. It up to you to think it man, I've paid all the relevan fees and the knowledge is mine after I attended your courses. Most of them are from my reading sources that I've got it from the Internet. Allah Hu.

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