Friday analysis - 11/2/16

Update Last Thursday - 11/2/16

High - 1.13760
Low -  1.12733

Open Daily - 1.13206 - Friday

Potential move
Week High

1. 1.12512
2. 1.13376
3. 1.13109
4. 1.13760

Week Low

1. 1.10860
2. 1.11617
3. 1.11519
4. 1.12733
Yesterday's notes
- the price did move to create another weekly and monthly high with a total range of weekly 290.0 pips (another 10.0 pips to go?) and monthly 561.2 pips (38.8pips to go?).
- if it goes up, then of course in terms of weekly at 1.13770 potentially or 1.14142 for monthly.

* i still focus sell all the way - it`s own choice either to ignore it or follow it at your own wise decision

Friday
- despite this week turns out to be bullish instead of bearish, i still opt for sell mode as long as the range does not exceed 600 pips for the first 2 weeks. Closure it may go towards 1.11441 (opening) or at 1.11941 / 1.12441.
- it has to break the 1.13109 / 1.12733 / 1.12512 for a proper bearish.
- Shunpo remain between 1.13456 and 1.12456.

Note
- for me, price will no longer break above 1.143 for the next week and would look for bearish movement toward 1.117 - 1.108 regardlless of where the closing price is by saturday morning.
- if it does break 1.143, then it`ll look towards 1.17 - 1.24 in long run.


Trade Wisely
User Proper MM
Don`t Overtrade
Always Follow The Rules.