- Falling wedge in hour chart.
- It is shown with a line chart so a break out and close above the down trending line is necessary for a confirmation.
- At least a close above 1086 is necessary for the validity of the pattern.
- A downside break out would invalidate the pattern
It's so funny San. I have closed my shorts yesterday itself... COS of this S&P as i thought S&p may be OS levels.. but all sitting like "Cat on the Wall'" positions... including me too :)
ReplyDeleteBy the way thank you very much for your "FOREX LIVE CHART" can you guide me from where to start the "Forex Trading" learning.. ofcourse here i am finding the chart and all..some other details like how to trade, opening an account, margin amount.. what are all the things to monitor for trading 'FOREX"? like that..as i didn't ask anything about this with my broker
Thanks in advance.
PS : If you tweet me also no problem. I will check in twitter
When are you sleeping? i read it you are sleeping for 3 hrs???only. take care of your health too
@Sujatha
ReplyDeleteI will try to give some useful links for forex trading in this blog.
The u.s. markets at one point of time i thought the rally has started but it retraced back but closing was neutral. I am expecting a rally next week.
I sleep after watching u.s. markets so mostly from 3 am to 7 am.