Indicators
1 ) Trendline - Broke below the uptrend line and moving side way.
1 ) Trendline - Broke below the uptrend line and moving side way.
2) Support/Resistance - formed Higher high (Bullish)
3) MACD - Bearish Crossover (Bearish). Wait for 4R1G signal to bull again.
3) MACD - Bearish Crossover (Bearish). Wait for 4R1G signal to bull again.
4) RSI - Retracing and testing 50% ( Bearish). If rebound from 50% will be bullish
5) STO - Formed Bearish Crossover and broke below 50% - (Bearish)
6) Ichimoku -a) Above support cloud (Bullish).b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish) - Waiting for it to rebound from the baseline to signal a stronger bullish reversal
Previous Buy Call on 19 September 2012
E ( Entry) : 0.705
S ( Stop Loss) : 0.66
P ( Profit) :0.775
RRR (Risk to Reward Ratio) = 1.56 (Slightly Rewarding)
New Buy Call on 12 October 2012
E ( Entry) : 0.69
S ( Stop Loss) : 0.66
P ( Profit) :0.715
RRR (Risk to Reward Ratio) = 0.83 (Slightly Risky)
E ( Entry) : 0.69
S ( Stop Loss) : 0.66
P ( Profit) :0.745
RRR (Risk to Reward Ratio) = 1.83 (Slightly Rewarding)
Support at 0.66 / .625 / 0.56
Resistance at 0.685 / 0.695 / 0.725 / 0.76 / 0.795
Resistance at 0.685 / 0.695 / 0.725 / 0.76 / 0.795
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