Posted by millionaire | Tuesday, November 23, 2010 | | 1 comments »





hello trader.i will not update till new year,need to focus my therapy program outside internet zone,just leave my sell position gbp/usd toward 1.48---1.50 zone with the stop loss around 1.6400(see the previous post on 4hour and daily chart cable 12nov).good luck everyone!!

i leave my view for eur/usd and dollar index for reference and complaint:P

Eur/usd 4hour update:

Expect 1more rebound toward 1.3970---1.40 zone in condition the price sustain trading above 1.3800 zone,while 1.3780 hold as minor resistance focus remain to the downside toward previous low 1.3467 where the breakdown below will target 1.30----1.3300 zone,All in all in the bigger view as long as 1.4280 hold the longer term focus toward 1.2700---1.30 zone as an immediate target following preious low 1.18++ as a next target,only a clear breakout above 1.4280 will turn the upside bias toward 1.45---1.50 zone.


usdx daily chart update:

Still consolidate mood,pulback should limit above 76.70 and bring another rise toward previous high around 79.50 zone where sustain trading above that level expose psych level 80.00 and following 50%----62%fib ret(88.83----75.25)=82.00----83.70 zone as a next target,only clear break below 75.25 will resume downside target toward 72.00--70.00 zone.if not 88.80 maybe next upside crazy target :) in condition price dancing steady above 83---85 zone:P

ok guys happy trading and dont forget to plan your trade,take care!!

1 comments

  1. alex // 1:11 PM  

    vamos amigo..

    ¿que pasó con los analisis?????

    Un abrazo desde Chile y animo....

    Alex