When look at the weekly gbp/usd chart above,it show the trend is still down,as long as yellow uptrend trendline hold,we should see another fall to challenge 1.9330 and maximum around 1.90 level,if an extreme slip we should see the price to test 1.8516 zone.in case a strong rise and 1weekly or daily candlestick close or open above the yellow uptrend trendline then my strategy could change automatically.
Above is usd/yen chart,a strong breakout 105.0 has been soar dollar yen till reach around 105.70 on friday,in a bigger picture,we should see a big range from 103 to 108 to verify next moving.as a near term viem,look like a rally still in favor,as long as below trendline hold,anyway be curious when price entering 106.50 to 108 zone,that's very critical zone,a breakout 108 to 109 would change a dollar yen in a bigger picture,but failure indicate the bounce have finish with a confirmation with a 1candlestick open or close at the lower trendline.
Posted by
millionaire |
Sunday, May 04, 2008
|
forex
|
0
comments »
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment