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Thursday, November 12, 2009

Thursday Night Review

Hoping for this

Afraid of this

The thing to notice here is the support at 1055 on the Weekly chart

The daily chart shows support from the Kijun-sen at 1064 and the Kumo again around 1055.
Finally a chart that looks Bearish. We have a Tenkan/Kijun cross below the Kumo, and Price below it all.

Breaking out below this yellow Pitchfork is key.
My short stop will be at 1094 since that would overlap wave one.



Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

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