Wednesday, July 1, 2009

GBP/USD Pair @ 05.30 am (Malaysia)

Salam and hi.....

Trading Range is between 1.6178 to 1.6750 area.


1. SELL Area : 1.6521

a. T1: 1.6450

b. T2: 1.6361

c. T3: 1.6250


If fail to drop deeper CS may rebound at 1.6500 area. Also as long as 1.6187 hold CS may rebound back to test 1.6742.


2. BUY Area : 1.6561

a. T1 : 1.6650

b. T2 : 1.6700

c. T3 : 1.6750

Yesterday CS met my first and second target and nearly meet my third target at 1.6750 and stop at 1.6742 - different of only 8 pips. Congratulations who got it. Then CS drop to 1.6522 and drop deeper and stop at 1.6423 - met my first target.

At this moment CS is testing 100 scale of Fibonachi Retracement. On H4 chart there already a reverse signal of doji CS. Looks like anytime CS may reverse to test 61.80 of Fibonachi. On H1 all indicator is OB and looks like CS may spike anytime now.

Let see what will happen today. Be more discipline trader and please don't forget the basic before you enter your positions. Until then be happy alway's.

Allah Hu.

ps: hi Dr Harveen when are you going back to Malaysia. Mokzani miss you a lot and I've already sold your car hehehehehe... good price you know. Hope everything is ok in Bangalore and please send my regards to your family and beautifull wife.

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