Impact of U.S Interest Rate Hike
10 years ago
Saturday, August 30, 2008 h4 chart - at market close overall market sentiment: EXTREMELY BEARISH h4 trendline and weekly 61.80% fibo level converge at 200.00... bears might take a short break and wait a pullback for better discounts... ;) US market close on Monday - market might move slow...... :( UPDATE: market opened at 196.890 (120 pips gap down) at 7 pm, market was at 194.131 (another 270 pips downwards) MORAL OF THE STORY: dont fight the trend... :d Friday, August 29, 2008 daily chart - 5 am Malaysia will 200.00 breaks or not? that's NOT the question.....  the correct question to be asked is...... WHEN it will be broken??   UPDATE: 200.00 psychological level broken price hit 199.00 at 3.30 pm... already locked some profit...  market closed at 198.15 
Thursday, August 28, 2008 h4 chart - 5 am Malaysia another tight ranging day for GBPJPY... (:| last two candles formed tweezer tops and bottoms indication of an imminent BIG QUICK MOVE ...  just be patient and follow the price, ok... ;)  more on tweezer here.... UPDATE : lower yellow line was penetrated at 1 pm Malaysia at 4 pm, price touched 199.785
Wednesday, August 27, 2008 h4 chart - 5 am Malaysia high wave candle followed by doji..... :-? market is indecisive of next move... :-w or should i say... bulls refuse to get in the market... =)) break of either dotted yellow lines should establish next direction...
Tuesday, August 26, 2008 chart h1 - 6 pm Malaysia last week low broken.... will price go lower? :-? UPDATE : at 9 pm, price went down to 200.66 (potential of 100 pips gain)
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