THursday Analysis

Update Last Wednesday - 17/2/16

High - 1.11784
Low -  1.11053

Trend : Bearish

Potential move 

Week High

1. 1.12492

2. 1.11922

3. 1.11784

Week Low

1. 1.11273

2. 1.11236

3. 1.11053

Yesterday's notes
- the price move bearish was expected , but it appear to have not been able to break the 1.1100 - 1.1125 level area.

- the total pips made was only 73.1 pips.

- total accumulation is 263.6 pips with a potential of 136.4 pips for Thursday movement.

Thursday

- As yesterday was the pivotal day (according to my me le), thus the changes of trend to bullish as of Thursday and Friday onwards.

- My Shunpo set up price is between 1.10998 and 1.11998.

- Though for the last 3 days indicate a consecutives bearish with each low and high much lower than the previous day, the fact that it fails to break the 1.1100 level for 3 days in a row mean to say that it will rebound back towards the last week high 

Notes
- if it does break 1.125, then price would move toward the next HZ level and below 1.1375.
- if the price break below 1.107, then it may move towards the BRN 1.10 for a potential bearish mode as a mean to complete the weekly bearish trend

Extra Notes

- Though for the last 3 days indicate a consecutives bearish with each low and high much lower than the previous day, the fact that it fails to break the 1.1100 level for 3 days in a row mean to say that it will rebound back strongly towards the last week high. This can only be realised IF it break the 1.125 SQP area. 

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