Gu - week 2 March 2016

Last week (29/2-3/3)

High - 1.42479
Low -  1.38352

Trend; Bullish

Monthly (March 2016) - targeted bearish

Opening - 1.39137
High - 1.41137
Low - 1.35137

Bankai - 1.407215
* no longer relevant

Analysis
- 1st week march pips at 412.7 pips
- initial predictions indicate a bearish momentum towards the low at 1.36 / 1.37 level before bullish onwards to 1.39 / 1.40 level during the NFP period.
- the daily movement was bullish all the way to close the previous gap area.

Week 2 analysis
- bearish mode unless the price manage to break the 1.425 LQP towards 1.45 area
- bankai indications at 1.404445
- price may range between 1.41306 towards 1.44306.

Setup
Weekly

Normal
Buy Limit 1.41306  tp 1.44306


LQP notes
- the LQP towards 1.3750 was not completed thus the rejection toward the 1.4250  LQP in progress for the 2nd week.
- if the price did break or close above 1.4250, then we might see another bullish week for EU for the 3rd week heading to 1.4500.