Good day traders!
I know my post is just too late to publish. I’s so addicted to trading that sometime I forget to update my own blog! Sorry guys. But if you follow my trading strategies, I believe it haven’t change much.
On my last post, I said that the pair is going towards 1.2000. As I’m writing, the price had already passed the 1.20138 and look strong to hit the psycho line, 1.20000.
My H4 and D1 chart shows more bearish to come. But please be careful as the 1.2000 proved to be a strong support line. Last time I remember the pair hit the price at December 2003. And it did revisited the price back in May 2004, and since has showed a strong bounce towards the high of 1.35 and ultimately 1.6.
Draw you lines carefully. Draw your Fibo correctly.
Happy trading!
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