DislikedHello all...
Let us see what we have for today:-
D1
Yesterday (08/07/2009) the price resisted @ 50SMA and closed just few pips below PW 1.3870. So far, the stochastic still in the SWING LOW level so wait and see how long this stochastic can hold its position later on today.
H4
This is easy. Let us wait and see for a TC somewhere @ 21EMA if the stochastic made it to SWING HIGH level.
H1
Stochastic...Ignored
The market has been bullish for the 1/4 trading day today. As per charts below, it seems the H4 stochastic very dominant and still on its way up to make its SWING HIGH level. Since the market move upward too fast, I anticipating that the price soon will find resistance somewhere @ 89SMA / fib 76.4%.
As per H1, the stochastic seems "adjusting" itself with the H4's stochastic and perhaps we might see some SHT opportunity here soon.
Maybe, PW 1.3950 and 1.3870 are where the market will move around for today.
Comments/questions are most welcome.
HAVE A LOOK AND MAKE YOUR OWN THOUGHT