Econimic calender

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Saturday, September 19, 2015

Preperation for monday

 One of the most important things are that each trader must to prepair for the next week Monday.

We need to evaluate what is going on, where the support/ resistance levels are. What is the trend, is it continues or it's going do be broken and will change direction.

I have checked long period 1D,4 H, 1H charts to evaluate overall trending. I recommend to double check each time twice to be sure before monday. When the first time you are looking to the charts potentially we can miss something.


Let's have a look to the chat of 1D. May be i am wrong may be i am right but i believe the trend has potential to go upwards. Price may recover after Friday fall.



Let's have a look to the chat of 4H. Where is risk that the price will break S1 level and when price will go down to S1.1 level.


By looking to the chat of 1H. I can see that price hit the bottom of the upward trend twice. This is a signal that price may go down on monday or it will bounce upward . I recommend to keep big focus  to the level 1.12947. If the price will hit this level and later will touch C point downtrend will be continue and potentially will touch 1.0920 price level. 
Otherwise price may go above price level 1.12947 and than potentially can touch 1.13668 level and so on.


So be focus, it is important to watch support level of 1.12947.

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