Wednesday, January 14, 2015

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BUYING ABOVE H1 20MA WITH NO BIG NEWS EVENT

LOOKING AT THE IMAGE ABOVE BUY POSITION TRIGGERED @1.5164 07:10 (UTC +00:00) . THERE WERE 3 DIFFERENT TIME FRAME AT THE IMAGE ABOVE.
H4 TIME FRAME: PRICE STAYED ABOVE 20MA.
H1 TIME FRAME: YESTERDAY PRICE BREAK BELOW H1 100MA, BUT REVERSED BACK ABOVE H1 100MA.
5MIN TIME FRAME: AROUND 7:00 (UTC +00:00) - 100&200MA LINE MERGED, THEN PRICE BREAK THE MA LINE AND CONTINUE TO MOVE UPWARD. AND PRICE ALSO BREAK THE RESISTANCE LINE @1.5190 AND H1 200MA. IF PRICE REMAIN ABOVE THESE LINE,  PROBABLY PRICE WILL CONTINUE TO MOVE UPWARD, ELSE PRICE WILL BACK TO THE RANGE TREND BOX AND WILL REMAIN THERE, UNTIL THE BIG BOYS WILL BOND THERE POSITION AT THE SAME DIRECTION.
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