PA ON WEEKLY APPEARS TO BE IN DOWN TREND PA REJECTION AT DAILY MA (YELLOW LINE) TP AREAS MARKED AS SEEN
Weekly still appears to be in a down trend Rejection at the yellow MA, Good area to attempt sort Profit Areas marked as seen
Looking to Sell at today's candle close 19/05/2015 (1.3630) PA rejected at 100 MA which is also a strong resistance area highlighted in blue. Will monitor this closely due to FOMC on 20/05/2015 Usually wait for daily candle close at projected area of profit before taking it, should Price close below the projected profit area, will leave trade running. Cheers
Looking at today's candle close (14/05/15), It's a strong bullish one, PA was rejected from heading lower at round number 1.4000. PA has been rejected multiple times on weekly and monthly on heading lower, based on this and the power of the current daily candle, will be looking to enter a small long here. Will watch PA around 1.4500
If today closes around 1193.00 1194.00, I will consider an early buy to 1260.00 Today's candle will be a bullish engulfing one around the TL Short possibility has been rejected multiple times Possible areas of resistance: 1208 1241 1260 Will watch PA around this area if price reaches, If trade plays out it will be Good R:R