Tuesday, April 5, 2011

Quick Update on FX


I love the cable, and I want to change my view and preference to trade short, to Long.
The market has breakout from 1.6180 resistance and moving up strong!
Target 1: 1.6320
Target 2: 1.6400.


Still trade in the channel, waiting for the breakout, higher possibility to the top.
Successful break out to the top @ 1.4280, EUR/USD will all the way to 1.45 - 1.4550.
Current Support 1.4110 - 1.4150, strong support 1.4000.

1 comment:

  1. 6-Apr-2011 (Wed) 7:30pm (GMT+8)
    GBP/USD reached target and started to come down.
    If GBP/USD close at 1.63 region, it will form a bearish reversal pattern, get ready to short at initial shadow and Stop Loss at today's mid price.

    Stay tuned for tomorrow's trading plan!