Tuesday, February 24, 2009

GBP/USD Pair @ 10.50 am (Malaysia)


BUY Area - 1.4513 ( MY Target is 1.4660. After that 1.4790).

SELL Area - 1.4471 (My target is 1.4300. After that is 1.4194).

Yesterday my Buy Area met at 1.4373 and met my first and second target at 1.4606 and reach as far as 1.4661. After that it rebound to find Mr. Pivot again as aspected (1.4355) after fail to break R2, but only manage to drop at 1.4451.

So what next:

Trading Range is between 1.4090 to 1.4661.

1. If Candle Break 1.4661 today, candle will deffinately test 1.4790 area and may go up furthur to test 1.4985 area.

2. If Break 1.4090 candle will test 1.4050 and may drop at 1.3850. From here it will again test this year Low at 1.3500 within Few Days.

Looks at H4 chart and seems it open on middle line of BB and open on 61.80% of Fibo, candle deffinately will test yesterday high at 1.4661. If open above this level, candle will test purpple MA area. If fail at 1.4661, then candle will perform double top and will drop sharply to find Mr. Pivot at 1.4392.

RSI 7 days is going up and stoch is going up to.

Let see what will happen and please indicate all your relevan indicator.

Until then salam.

ALLAH HU.... ALLAH HU.... ALLAH HU

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