Wednesday, 3 July 2013

First Trade

Saw a long term resistance at 110 in monthly charts.   Market might be heading there mid term of few months


Daily chart shows price is at BB top.  If today close low, base on candlesticks it is bearish.  Looking at SStochastic, it might signify start of another climb.

Itching for some action using minutes chart, tried a buy as the SStochastic is low.  Not a trade with high confidence (Guess this is due to lousy discipline).  Candle shows bearish so might have to run with some profit.

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