April 14, 2015

 
  • Crude oil 4 hour and daily chart shown with resistance levels. Bulls need a breakout and close above these levels to extend gains. Otherwise price may start to correct towards range bottom.


  • ES got resisted at the falling resistance line.
  • Now bears need price to close below the Range middle area and One hour cloud to extend gains.
  • EURUSD at crucial support zone
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  • EURUSD Near recent swing low.
  • Daily chart shows all recent swing lows are taken out by bears.
  • Hope for EURUSD Bulls only if the support is held and price moves above the daily cloud.



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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore