Hi angtf, it jst broke out from short term downward trendline & has formed a bullish formation & based on such formation, TP=0.82. But viewing from 5 year chart, it is bearish unless the price can break res=0.745-0.730, R2=0.795 to form the 3rd Wave.
To trade safe, stay aside first uness u want to go for punting & its trading range= 0.65-0.72. Buy at support & sell at 0.71. Hope my intrepretation is correct. Cheers!!
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lee9fold
4,730 posts
Posted by lee9fold > 2013-10-22 11:57 | Report Abuse
any 1 knows wads going around?