Weekly Updates (7.63)
last week started with 7.40, We mentioned in our last updates FSR MUST close above 7.90s to gain momentum. regretfully, it only touched 7.93 and bears pushed it back to 7.30s which gave them more momentum to hunt stops below 7 and bulls loaded the boat again around 7 (highest volume) to close the week at 7.63.
What we expect next week
Intraday charts turning bullish again, we have also closed above mid line of the channel (6.50 - 8.50) range and also we broke the downtrend white dotted line and closed above it. Bulls now must protect FSR to not close below 7.50s and try to break 7.90 to push the price near an important zone 8.30/8.50 where bears camping since long there and it became their general HQ and BULLs must destroyed now to open the road for BEARs Capitol around 9.80/10 zone.
very excited to see Bulls jumping back at any dip and the more they visit bears camp the weaker it gets and they will surrender soon.
Enjoy the weekend..
last week started with 7.40, We mentioned in our last updates FSR MUST close above 7.90s to gain momentum. regretfully, it only touched 7.93 and bears pushed it back to 7.30s which gave them more momentum to hunt stops below 7 and bulls loaded the boat again around 7 (highest volume) to close the week at 7.63.
What we expect next week
Intraday charts turning bullish again, we have also closed above mid line of the channel (6.50 - 8.50) range and also we broke the downtrend white dotted line and closed above it. Bulls now must protect FSR to not close below 7.50s and try to break 7.90 to push the price near an important zone 8.30/8.50 where bears camping since long there and it became their general HQ and BULLs must destroyed now to open the road for BEARs Capitol around 9.80/10 zone.
very excited to see Bulls jumping back at any dip and the more they visit bears camp the weaker it gets and they will surrender soon.
Enjoy the weekend..