December 10, 2016

  • 4 Hour chart shows price testing support zone of the Broadening Pattern. 1.0520 is the crucial low in 4 Hour time frame.
  • If 1.0520 does not hold the weekly lows are likely to be tested.
  • Month chart is in consolidation after a Big down move. Mostly these consolidations are likely to be solved in favour of the bigger move. 1.0456 is the crucial level in week and month charts. 


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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