monthly and h4 charts - 9 am Malaysia
monthly trendline broken - shows that bear is still in charge
however, pinbar or bullish hammer candle at daily chart indicates possible upwards retracement
confluence of weekly 50% level and monthly trendline (176.00)
as long as this resistance level are not broken, my sentiment stays BEARISH..
strategy:
stay out of upwards retracement and wait for bearish continuation patterns
should last week low is broken, my next TP is 153.xx
let see how the market play it out....
DO NOT CHASE THE MARKET
LET THE MARKET COME TO US....
B-)
p/s... a high reliable abandoned baby pattern has formed at h4 chart
UPDATE: by 10.30 am, price touched 168.56
potential 350 pips gain
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