EUR/USD Bullish Comfirm
10:32 PM (GMT+7)
TF 4H
TF 1H
Both 4 Hour's chart and 1 Hour's chart shows that bullish already comfirm. Indicated by RSI steady above 50's area, EMA 5(blue) and 20 (green) crossed up to EMA 66 (red) and supported by Parabolic SAR. Nearest resistant at 1.5000 before it goes to the strong barrier at 1.5043 - 1.5063 area.
But the smallest timeframe shows it need a lil bit down, may be to 1.4939 - 1.4900 area. That's why eventhough my main idea buy for EUR/USD but I will buy it after it goes down for a little.
My strategy right now was already sell EUR/USD fiew minutes ago at 1.4975 with tight SL at 1.5005, Target profit at 1.4935.
I also set pending order, entry buy at 1.4920 without Target and Stop loss. I'll set it if my limit executed, it might be tommorow. I may change my limit with order on market price tommorow, who knows...but meanwhile, I already set my trade and now time for sleep
UPDATE 1 :November 24, 2009 (05:01 PM - GMT+7)
My sell order last night at 1.4975 already meet my target and I got 40 pips. And my limit also exececuted. at 1.4920. I think today's low at 1.4888 became a nice SL so I set my SL fiew pips below that point which is 1.4880, that's mean my SL is 40 pips, with the pips I've already got it from last night sell, same think that I will loose nothing if EUR/USD not go as my plan. I keep it with open target. I'll follow it movement for next day, I'm not decide it about my target but I'm expecting EUR/USD on the way to break 1.5239, who knows?
But now I'm sure that EUR/USD ready to test barrier at 1.5043- 1.5063. This is based on recent 4 Hour's chart and 1 Hour's chart performance.
On 4 Hour's chart as you can see EUR/USD already form clear spinning top candle . RSI also steady above 50's area and EMA 5 and EMA 20 steady above EMA 66.
Recent TF 4 Hour
On 1 Hour;'s chart I've seen the same indication that shows on 4 Hour's chart.
Recent TF 1 Hour
I also concern about 1.5000 area, if steady above it I'm sure not for long barrier will break soon.
