look at the monthly chart .It represents from 1992 since Now 2014, the highest high 1.60(160) lowest .834(84) which is greatest resistance and support. the trend is up price is still up above 50% that is above 1.2100 it is also great SR and now provide good support, so its time to by with stop loss of 200 pips with profit target of 400 pips
I have studied Gann Chart long ago during my accounting course. I thing people who wish to enter into Forex trading must know these kinds of itsy bitsy things in advance so that they can understand how to take the profit out of this field.
ReplyDeleteRegards,
Ramiz Jilani
Forex Fund Management
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