Monday, June 8, 2015

Updates@ 10pm

Notes 1. Downtrend did occur as of 4pm - 5pm H1 candle but only on that particular period. However it was not the LOD as the LOD of 1.1076 occurs at a much earlier time today with the range of 20 pips from the opening price of 1.0976. 2. As per the MM4X notes, LOD/HOD would only happened during the later half of the day between the period of 4-12pm. 3. Thus i would believe there's a potential DOWNTREND between 12-4am before the closing price. 4. Presently the HOD have been set as at 1.1217 which started as of 7pm-10pm. However it is not known whether there's chance of further up? 5. The present range of pips from opening to HOD is 140-150pips. 6. If a DT were to occur it would most probably be about 170pips, a major DT? 7. However this is mere speculations on my end and understanding. 8. If the trend remain as it is, then it is considered LOD was first and later HOD. The timing for the evening part remain the same. Only thing is, which way should it be based upon. 9. Either way, i just have to wait and see the closing price either 1.1070 or 1.1110.

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