ImmortalTrader

ImmortalTrader

Looking at the chart we failed to break the 153.500 region after 3 attempts. We've had a healthy pull back to 151.950 region and bounced off it. The next major Resistance is at 152.750 (the 20ema on 4hr chart) and 153.500 If we fail to breakthrough these regions then we might see another correction to 149.9 At the moment I'm convinced this is a buy hence I have...

ImmortalTrader

All description on Chart Disclaimer: This is my views on this pair and not a trading advice. Follow at your own risk or reward

ImmortalTrader

If you want to get in on a sell position go to the 4hr chart and set a sell order at the 50ma or 20ma depending on which you are comfortable with. We may not get there but we would be close. this market needs momentum to go for the 3900 region hence the current surge up which like I'll always warn is not a buy signal. In a bear market sell the rips and never buy...

ImmortalTrader

I personally feel this market is not ready to go another leg high. Looking at the trend I've drawn I doubt if we have the acceleration to chase the 5000+ level till after a major correction. All I see are little deceptive bull runs that soon run out of steam without surpassing the previous high as shown on chart through the trend Disclaimer: this is my personal...