Finally, it did break the 1.500 level this morning. a nice clean shadow was recorded at price level 1.5046, Malaysian time +-6.00 am..i miss it though becoz of my latest commitment..but hey, its forex!! history always repeat itself.
for those who stays long, for a very long time, then its a good news for you guys. if you follow isah’s thread then you’ll surely know that the time will come for the price to hit the psiko line.
Directional Bias: (weekly tech analysis on 27 feb 08 )
Nearer Term –Bullish
Short Term –Bullish
Medium Term –Bullish
The bigger question now is, will it stay there?? or will there be another breakout?? or bounce maybe? Don’t be surprised though to see the breakout come without one more bounce off of resistance. That’s why, as a new trader, I keep my positions long-term and avoid trying to trade those short moves. I may miss some of the quick profits, but I also avoid the hard losses.
till we meet again!! hepi trading!!
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