After the low posted on 11Jan price has found resistance at 1500 and retraced to the current 1400-1430 level. Uptrend should resume at this point. Price is supported by the up-sloping parallel line and is inside the 0.618 Fib buy window. I would buy above 13 Feb high (1430) with target objective at next resistance area (1540). Ambitious but possible. If target is not reached before the end of the month I come out. Seasonal pattern also confirms a long position. Feed back please.
Commentaires
Mytradersblog
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Impressive !
ozatrading
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worked out GREAT!!!
LEONES
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perfect
QuantitativeExhaustion
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Nice lines! That was perfect
ozatrading
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as for now....we have active buyers...and we would see price higher.
LEONES
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good stuff!
ozatrading
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if buyers wont give up on 1415.25 then we have long here. if it gets below 1410 we would have a flush. (IMHO)