I think this is the right time to enter for long term, as i see in H4TF price is just above the trendline it will bounce back from this level.
Printable View
Ye pair abhi bhi uptrend me hain aur thoda jo down jaa traha hai wo bas retracement jasia hain. Agar ye 1.4655 break karta hai to 1.4700 tak jaa sakta hain aur agar ye 1.4520 break karta hai to 1.4470 tak jaa sakta hain.
Reistant(1.4660) has been broked , so it is likely to go
up till 1.4768 after retesting.
This pair is in uptrend only, so dont try to sell or you will get loss
eurousd ka 1.4700 ke pas bahut strong resistance lag raah hai jisse ye pair 3-4 baar check karke wapas aaya hai
ye resistance kafi strong hai isko todna abhi thdoa mushkil lag raha hai unless koi badi news is pair ko favour na kar de
http://i52.tinypic.com/27zdafr.gif
if we draw fan from its low to high than we found it near to 38.2 level and this trying to change direction.
if this cross the 1.4651 good for buy....
if go below 38.2 go for sell
http://i54.tinypic.com/245jxn9.gif
this pair cross fans 38.2 level....now we can sell its. and i thik it will change agair its direction near 1.4350
The current trend downward trend and then target 1.4400
but if the price break 1.4550 the trend turn to Up movements 1.4600 then 1.4650