chart h1 - 6 am Malaysia
Three black crows had formed at the daily chart; which indicates that the current trend is extremely bearish. Meanwhile, at the hourly chart, a possible bearish flag pattern might be in progress.
Should this bearish flag is valid, a breakout on the downwards side could be anticipated. The pole height could be used as a target projection; which means the price could make a new low at 128.64. :-?
UPDATE:
2.00 pm - looks like the bear party has started <:-P
3.45 pm - closed half position at +100, the other half rest at +5
5.30 pm - still stuck at 130.xx psychological level
bulls and bears are still fighting :))
8.30 pm - new record low 129.77
but bulls are still fighting hard ~x(
9.30 pm - closed all sell positions
good US trade balance; might push the beast up
Woke up next morning and found out that a NEW HISTORY LOW (128.82)
was made... just 18 pips shy from my prediction :">
dear GJtrader
Very excellent.
1st profit in 2009 for me and 1st year that give me have more confident.
Thank you again and again, and forever.
appreciate it very much... keep it up...