weekly cable above show morning star candlestick pattern,it means reversal.A closing above 23.6% indicate the bounce is strong.I am looking next potential target around 2.0034.if 1daily candle closing above that level the price could extend further toward 2.0457.while pullback should happen anytime,1.9619 minor support should hold the price and bring another rise.if price fail to hold 1.9619 the price have a risk toward 1.9500.Buy limit 1.9660,1.9740 stop loss 1.9600 and buy stop 1.9925 stop loss 1.9810.minima target 2.0025 and max target around 2.0450.
4h chart gbp/yen above show bearish gartley pattern,im looking again for gj to breach 202.65 again,current price still supported with sma 100 hold the price and the lower trendline still strong,but the bearish gartley pattern is one of the reversal harmonic pattern, the adx show early step to falling again.while the price located below 205.80 i prefer to test 203.29,1candle closing below that level should push gj toward 202.65 support,if strong gj should sink further toward 200.61 and bring retest toward 197.23,in case price breakout 206.60.its posibble to challenge 209.00.sell limit below 205.80 to 205.00 zone,stop loss 207 minimum target 203.29 max 197.23.sell stop 204.05..
Posted by
millionaire |
Sunday, May 25, 2008
|
pound sterling
| 1 comments »
Subscribe to:
Post Comments (Atom)
actually it's complicated for me to see the chart cos not full understand ..haha...
can i exchange link with u?keen to learn sth from u..