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SYF Broke the 0.745 resistance

Written By Unknown on Wednesday 17 October 2012 | 8:42:00 pm

Remember the Previous Buy Call for 9 October


E ( Entry) : 0.755 ( Closed at or above it)
S ( Stop Loss) : 0.67           
P ( Profit) :0.82
RRR (Risk to Reward Ratio) = 1 (Average)



Indicators
1) Trendline - Broke above the down trendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -If bullish crossover will indicate strong bullish 
4) RSI - Broke above 50% (Bullish
5) STO - Bullish Crossover and broke above 50% (Bullish).
6) Ichimoku - a) Above  support cloud (Bullish). 
                       b) Conversion line meeting the base line 
                       c) Price above the baseline ( Bullish)
7) Candlestick -White Candle after many dojis... Bullish). 
Next Resistance at 0.83 / 0.877
Support at    0.75 / 0.68 / 0.635 / 0.615 / 0.59 / 0.53

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