Good morning. Still consolidating & the range is getting really narrow.
Last h4 closed a doji. Probably a good idea to wait & see how the current h4 close methinks. Close higher than the doji & I suppose 6540 is the last line of defence before 6600 get challenged again. Close above 6600, bears are pretty much dead.
On the other hand should the current h4 stays & close bearish, there's a possibility it forms an evening doji star, a powerful reversal pattern. Should this happen then the major ltl will be challenged. A close below 6300 today, I probably won't be buying for a long time.
Let's see how this goes. Good luck everyone
Earlier chart : http://www.forexfactory.com/showpost...stcount=139319
Last h4 closed a doji. Probably a good idea to wait & see how the current h4 close methinks. Close higher than the doji & I suppose 6540 is the last line of defence before 6600 get challenged again. Close above 6600, bears are pretty much dead.
On the other hand should the current h4 stays & close bearish, there's a possibility it forms an evening doji star, a powerful reversal pattern. Should this happen then the major ltl will be challenged. A close below 6300 today, I probably won't be buying for a long time.
Let's see how this goes. Good luck everyone
Earlier chart : http://www.forexfactory.com/showpost...stcount=139319
Thank You