i think reason appearance a bullish upside gap three methods is only Correction in uptrend
Attached Image (click to enlarge)
- #10,785
- Dec 5, 2010 12:23pm Dec 5, 2010 12:23pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Nice trade past week, buying the $, so, let's see how it goes this week, after long white candle past week [Bullish dollar], we could expect a bullish continuation until 1.73 first, but, I'll wait for a nice PB in first place, 1.69 acting like support now.
Attachment
i think reason appearance a bullish upside gap three methods is only Correction in uptrend
, this monthly chart shows some interesting things: 1. The monthly Bullish Engulfing, 2. Double bottom on monthly & 3. kinda tweezers bottom. So, past week could be probable the monthly lower wick [I could be wrong, just I'll be watching PA carefully for confirm or reject that]I'll be monitoring PA around 1.68 - 1.73, important monthly levels to trade for.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,786
- Dec 5, 2010 12:25pm Dec 5, 2010 12:25pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi Jhon , thanks 4 your posts and time
Hussin
Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,787
- Dec 5, 2010 12:29pm Dec 5, 2010 12:29pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Like I told you past week, 2.7 is weekly s/r traffic area, so, if PA was unable to close above it, just short the £.
Past week candle confirms the weekly bearish harami, so, we could expect a bearish continuation in the £, careful around 2.66, next, the monthly support around 2.62.
Attachment
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,788
- Dec 5, 2010 12:38pm Dec 5, 2010 12:38pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
i see fall in the next time
Monthly chart:
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
