If u keenly observe the eur/usd H1 chart, you'll see that this is the fifth consecutive hour that the body of a candlestick is being formed below the middle bollinger. Thus the middle bollinger acting as a strong support. The bulls and the bears may be struggling to outdo each other but the bears will eventually win. Target 1.3520 by the time US closes. Thats MHO.
- #326,682
- Nov 16, 2010 5:51am Nov 16, 2010 5:51am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
- #326,686
- Nov 16, 2010 6:03am Nov 16, 2010 6:03am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #326,688
- Nov 16, 2010 6:04am Nov 16, 2010 6:04am
- Joined Jul 2010 | Status: Trader | 1,778 Posts
Just gone short right @ 600
making green pips large and red pips small this is my goal.
- #326,690
- Nov 16, 2010 6:06am Nov 16, 2010 6:06am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
If the blue support line gives, we could see 5819 first then a retrace to the blue support line then a final target of 5633.
- #326,692
- Nov 16, 2010 6:08am Nov 16, 2010 6:08am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
- #326,693
- Nov 16, 2010 6:08am Nov 16, 2010 6:08am
- Joined Jul 2010 | Status: Trader | 1,778 Posts
making green pips large and red pips small this is my goal.
- #326,695
- Nov 16, 2010 6:13am Nov 16, 2010 6:13am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
- #326,696
- Nov 16, 2010 6:15am Nov 16, 2010 6:15am
If the blue support line gives, we could see 5819 first then a retrace to the blue support line then a final target of 5633.
There is lots of pressure down constant sell orders coming a of now, lets see if it works out
