Thursday, Mar 19, 2009 - 11:10AM ( GMT +8 )
Congratulations! Yesterday market moved down and break out the Pivot after make retracement at 38.2%. All short target 1,2 and 3 have been reached and make about 160 PIPs. Early morning at 2:15 am, during FOMC news, market make reversal and moved up, again break the Pivot and all long target 1,2 and 3 have been reached, make about 250 PIPs for long.
Today, price open at 1.4281 above the Pivot(1.4154) and this moments price moving down to Pivot almost same level with 61.8% Fibo level. Yesterday swing size very big (497 PIPs), so retracement for today also make big size (more than 100 PIPs).
Market try break the Pivot, if can't and retrace at 61.8%, so our target for today buy/long are :
BUY AREA : 1.4158
TP1: 1.4338
TP2: 1.4455
TP3: 1.4645
Otherwise, market can break the Pivot and make more retracement down to 38.2% level or make reversal trend looking for yesterday low, so target for sell/short are :
SELL AREA : 1.4138
TP1: 1.4030
TP2: 1.3958
TP3: 1.3841
GOOD LUCK FOR TODAY
Always trust yourself, trade what u see from the chart, don't trade what u think and use your own prediction and compare with my prediction......
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THIS MARKET PREDICTION BROUGHT TO YOU BY : Sifu WA
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