Hi bob.. thank for visit my blog. At the moment i believe the daily trend still BEAR.. why? There no sign of bottom... Normally i look for chart pattern suggest bottom... Because the daily trend is bear.. our aim is SHORT... the BEST TARGET PRICE for this recent move is at Recent Low 131.xx (800 pips) ... I will start build my short @ 4hr Chart when i see Swing High next week...
No problem.. pls watch daily chart carefully... if price make a new Higher High... that the possibility of Trend Change... So you need to cut loss when the price retrace from New Higher High... I will update if i see possible trend change in daily chart.. at the moment; bear still incharge in daily and 4hr TF..
4 comments:
when do you suggest going short? We are sitting @ 137 now.
Hi bob.. thank for visit my blog. At the moment i believe the daily trend still BEAR.. why? There no sign of bottom... Normally i look for chart pattern suggest bottom... Because the daily trend is bear.. our aim is SHORT... the BEST TARGET PRICE for this recent move is at Recent Low 131.xx (800 pips) ... I will start build my short @ 4hr Chart when i see Swing High next week...
Thanks. I am short at 133, 134 135 levels. I will hold onto them.
No problem.. pls watch daily chart carefully... if price make a new Higher High... that the possibility of Trend Change... So you need to cut loss when the price retrace from New Higher High... I will update if i see possible trend change in daily chart.. at the moment; bear still incharge in daily and 4hr TF..
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