Thursday, November 30, 2017

Forex forecast 01/12/2017 first december


Look this picture ,It is daily chart.It shows Highest high is1.03395 and low is .94137, 61% retracement is .9987
 the trend is
Here the trend is down and its corrected down @61% retracement. It is the suitable for sell entry with target .9413 and stop loss at 78% fibbos point. The trend will continue for certain period down

Now in 4 hrs chart.
we will go for SR at this time frame
Its 4 hrs time frame  We will look for Support and Resistance to find Pullback and retracement
Here we see price are pulled back to down trend Stochastic supports the pullback.

Now go for 1hr time frame ,It is the Holding time frame for trade.Price has brokern to Both MA, and gone down. So its time to sell with tight SL
1 hr time frame






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