The beast has broken the support at 147.5 region and made a lower low on the hourly chart. Profit taking activities might bring up the price to the confluence of the upper trendline, fib 50% of yesterday hi-lo range and the previous support which should now turned to resistance.
Should the price fail to go beyond 147.50, there is a possibility that the beast would further dive to fib 161.8% (145.50 region).
Let see how the market play it out. Below is the hourly chart as of 7 am Malaysia.
Should the price fail to go beyond 147.50, there is a possibility that the beast would further dive to fib 161.8% (145.50 region).
Let see how the market play it out. Below is the hourly chart as of 7 am Malaysia.
Excellent job!I hope you post this blog more frequently.
I appreciate your post very much.
Appreciate your comment.
I now posted less as I am now inclining towards longer term trades. Furthermore, I do not want this blog to be a signal service, especially to those newbies.