Salam and Hi...... Trading Range today is 1.6100 to 1.6700 area.
SELL Area : 1.6381 (First Target : 1.6243 Next : 1.6139)
If fail CS may test back 1.6400 area.
BUY Area : 1.6421 (First Target : 1.6479 Next : 1.6556 Next : 1.6661 Next : 1.6750)
As expected yesterday in the morning CS is testing wednesday high and after that try to test 1.6700 but fail and only reach 1.6661. After performed a reverse signal on H1 CS drop back slowly to met Mr. Pivot at 1.6500 and entering sell area at 1.6481. At this moment the market is in consolidations from yesterday drop and looks like more deeper to 1.6100 area later this afternoon. For this please be alert on all reverse signal and Bearish continuition pattern on H1 and H4. Please used the Aqua discipline on M30 and confirm it on H1. The Gold Price is droping and so do the Oil Price.
Until then I hope you will set the target and if you achived it just stop and trade only if there is a confirm signal.
Allah Hu.
Thursday, June 4, 2009
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Salam and hi fxworld, Trading Range is between 1.6187 to 1.6750 1. BUY Area : 1.6541 a. T1: 1.6600 b. T2: 1.6661 c. T3: 1.6750 ...
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Bryan Rich writes: The biggest victim of the global housing and credit bubble may be the euro — the single currency of 16 European nations. ... -
Salam and hi.... Trading Range is between 1.6100 to 1.6662 1. BUY Area : 1.6349 (TP1: 1.6479 TP2: 1.6515 TP3: 1.6629) If fail CS may d...