After a bullish and made correction yesterday, in today's trading prices tend to look up and seem to want to continue its bullish trend again. Estimated the price could go up to 0.7564 resistance, if it could penetrate the resistance will continue until the 0.7575 and 0.7595, if not then the price will probably be to a level of 0.7519.
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very good point here to enter nither sell or buy we just will wait until the current 1hr candle close ,, if the close is upo the trend and the fibo we will enter buy the targets shown on the picture ,, if the close is under the trend and the fibo we will sell it our target wil be about 40 pips ,,,
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skywooker (03-08-2012)
Bullish trend is very strong on this pair, and I think if the 0.7570 resistance can not resist the price will rise back to the 0.7609 level. for support at the 0.7525 level. also we must remind for the retrace from bullish trend too.
n this asia session this pair show that down trend still standing due this pair is try to break level 0.7500,and it might bring price goes to level 0.7470 if can break that level (0.7500) today
After a successful breakout uptrend at 0.7524 level yesterday, prices continue to slide down and be able to pass some support. But here we can see that is able to support 0.7337 upward price pullback. May also have been oversold in this area so there is expected to retrace up to the 0.7390 level.
This pair is alternating between the various resistance levels as we see in the chart , we can notice that the pair now is facing the resistance level @ 0.7495 , however i don't think it will move down as it was going down on the last short term , we can wait for this pair to beyond that resistance level and if done we can buy with target points @ 0.7541 on the short term or @ 0.7568 on the long term . Good Luck
From H4 chart , the pair is moving with up trend started from 21 mar and the pair now is testing the support level 50 % so if the pair close above this level it will continue upward till reach 38.2 % , and if break this level it will move down till reach the up trend and make retest .
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I suggest to wait on this pair , the pair is becoming close to the downtrend line and i expect it will face it on short while , i expect it to reverse its direction and continue moving down the trend line , so i suggest to sell in that time . Good Luck
I think the pair is moving in a down channel here ( flag ) , so if it close above the upper side of the flag shown in H4 chart , we will have a great chance to make buy as it will continue in up direction at about +40 pips so we can make a buy after breaking this down channel .
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You are right friend, i think it is good for buy too.Originally Posted by gemmy
this price will going upward to make new high.
gemmy (05-09-2012)
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