Daily Chart, fall since last Monday was very strong and left all my MA fall behind...retracement since 12th of July pushed PA back to position where all my MA locates.
as stated before, we probably playing in a downward channel as now lower high and lowe low formed...
at this moment I am flat..movement London session today may give us direction for the rest of the week
for Bull, the question is whether 1.3837 the bottom of the current down trend?~as PA now raise more than 400 pips.. and PA has meet target of setting a lower low.. likely we will have some further up...1.45 in Friday might be a good target for bull...
for bear, as stated in my previous post, 1.37 is the 61.8 retracement and place where my rising trendline and down of downward channel meet, still a nice target for bear in Friday..
second chart is the 15m chart, let see the reaction of PA towards the bottom of channel line....
1.4160-70 area is important here....
sell closed @ 1.4211 50+...Bear do not convince me here...pocketed profit and wait for next chance
http://www.forexfactory.com/attachme...1&d=1310627533
http://www.forexfactory.com/attachme...1&d=1310627533
as stated before, we probably playing in a downward channel as now lower high and lowe low formed...
at this moment I am flat..movement London session today may give us direction for the rest of the week
for Bull, the question is whether 1.3837 the bottom of the current down trend?~as PA now raise more than 400 pips.. and PA has meet target of setting a lower low.. likely we will have some further up...1.45 in Friday might be a good target for bull...
for bear, as stated in my previous post, 1.37 is the 61.8 retracement and place where my rising trendline and down of downward channel meet, still a nice target for bear in Friday..
second chart is the 15m chart, let see the reaction of PA towards the bottom of channel line....
1.4160-70 area is important here....
sell closed @ 1.4211 50+...Bear do not convince me here...pocketed profit and wait for next chance
http://www.forexfactory.com/attachme...1&d=1310627533
http://www.forexfactory.com/attachme...1&d=1310627533
Patience, Emotion Control and Discipline.
