why this thread blocked!! is there any error?
Printable View
why this thread blocked!! is there any error?
"follow the trend till it bend",, I think this quote is famous in forex businsess, especially for full technical traders, analyzing chart by our own style is mainly important, and I agree with you, nobody knows where the market will go, a we have to do is minimize the risk by observed the market before we do open position..
EUR/USD overview for 12 November 2012. The price open for this new week below the weekly pivot point (open was at the price of 1.2710) we will see unclear trend for 12 - 16 Novemver then we can decide to long buying if the price close above the weekly pivot point, else if we'll kniw a bearish market towards the level of 1.2623.
Support: 1.2588
Resistance: 1.2920
Hi Guyss,, wht do u think about my Long GBPUSD
Weekly Technical Analysis:
USDCAD (Loonie), Intradey Overview: 13/11/2012
High: 1,0034
Low: 0,9990
Close: 1,0019
Pivot point
R3: 1,0083
R2: 1,0058
R1: 1,0039
PP: 1,0014
S1: 0,9995
S2: 0,9970
S3: 0,9951
Range: 44 pips.
It should be noted that is possibly, the price will be trapped between: 1,0071 and 0,9961 this week.
In the point 1,01 a strong Resistance will be formed.
In the point 0,99 a strong Support will be formed.
New range 1.0100 - 0.9900 = 200 pips.
Volatility:
44,05 therefore the market indicates the higher volatility.
AUDUSD Signal & Statics for 13 NOVEMBER 2012.
Strong Levels
1,0478 1,0458 1,0444
1,0380 1,0393 1,0426
Signal:
Buy at 1.040
TP1: 1.0480
TP2: 1.0450
SL: 1.0350
It should be noted that is possibly, the price will be trapped between:
1,0489 and 1,0367 this day.
In the point 1,05 a strong Resistance will be formed.
In the point 1,03 a strong Support will be formed.
A risk to reward ratio of 1:1.5 is recammended
Range:
49 pips
Risk of 49pips must make a profit of: 73,50.
In such case, stronger rise should be seen towards 1.4535 Resistance for confirmation.Moreover the trend is still above 50% Fibonacci retracement level, thus it will be a good sign to buy above 1.4400 and below 1.4360.sell.
Welcome to indian forum @oracle bro.If your tecnical analysis are welcome.Meanwhile it should care of level 1.4252 since if it breaks, it will be a good sign to buy, it might resuming to 1.4400.