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Red tone hit entry price at 0.395..

Written By Unknown on Thursday 8 November 2012 | 8:40:00 pm

Red tone hit entry price at 0.395.. will tomorrow market sentiment is good enough to assist in pushing it up to our target price..?



Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD - If Bullish Crossover will indicate further bullish
4) RSI -  .If breaks above 50% will indicate more bullish
5) STO - Bullish Crossover and  broke above 50%(Bullish).
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)



Conclusion:
Bullish -
E ( Entry) :0.395 ( Closed at or above it)
S ( Stop Loss) : 0.375
P ( Profit) :0.425
RRR (Risk to Reward Ratio) = 1.5 (Average)

Bullish -
E ( Entry) :0.395 ( Closed at or above it)
S ( Stop Loss) : 0.375
P ( Profit) :0.435
RRR (Risk to Reward Ratio) = 2 (Average)



Resistance  0.41 / 0.435 / 0.45 / 0.46
Support    0.38 / 0.372 / 0.36
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