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Friday, June 11, 2010

Friday

13:00 ET
My charts were getting messy so last night I deleted everything and started over. Some of the forks are now different colors and may be placed slightly different.

12:30 ET
The hourly Kumo is weak right here creating a vulnerable area. The Tenkan-sen is flat at 1080 and will offer support. Breaking the Tenkan-sen will put Price below the Kumo. The Kumo becomes stronger as the day progresses so this is a small area of opportunity for the Bears.

The Tenkan-sen has already been tested once.

My indicators are beginning to issue sell signals on the Hourly chart
11:00 ET



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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