akats Posted February 4, 2012 Share Posted February 4, 2012 Jamie – Has tested and held the 61.8% retracement of the rally from the October low and series of November lows from 9665 to 9690. Remember, the probability of a reversal increases with the beginning of a new month. Yesterday’s inside day at support offers a bullish setup (stop under 9687). Jamie – Use the first day of the month as an opening range from which to play breakouts. That range is 13218-13025. An upside break targets the 50% retracement of the decline from the October high at 13435 and a downside break targets former resistance at 12875. Near term support for Sunday/Monday is 13120. Quote Link to comment Share on other sites More sharing options...
ayushsrk Posted February 4, 2012 Share Posted February 4, 2012 i could not figure out this thing.Actually maybe this is about the advanced things of the forex .But I somewhat captured the play breakouts when I read the post. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.