Can it break 94.50 or not?
If it break 90.88 strongly then down move will start.
Fist support is trendline .also our 250 Ma
Let's see what is the price action at first.
From TC study on 60 min time frame might take 2 more bar to reach it TC of high ,if able to break 94.5 it is possible to meet 95, for me this session 95 should be the limit.then next 4 bars will go low mean another 4bars to it TC of low, just use it as a reference.
Besides, we can compare the FOREX market to our equity market as benchmark.
FKLI move in between the setting it low was just touch one of my MA then turn north again. CADL is strong today. 20 counters up, 4 down, 6 unchanged. 200 EMA resistance wad broken with higher volume. So tomorrow it will go north again? Just look at composite Index found that had reach short term TC point and 1642 also a resistance point , if this short term TC not really work 4 more day will have to meet a medium term TC point. TC point delay a day mean CI like naughty boy dont really wish to follow 100% today off high, FKLI also shown in advance. next near TC point will be around 4 more trading day. Place short order ? then close very much higher should be many short order been eaten , then traders think will go high so long tomorrow may open low and go lower so some long players die again . mean die hard.
Tuesday, March 5, 2013
